Do family choices slow down economic growth?

Econometric simulations provide no evidence that families in West Virginia encouraged sons to drop out of high school in order to earn income as coal miners, at the net expense of later income that they would have earned with more education. Estimates of the typical family's subjective rate of time preference for current income over future income earned by sons are close to zero. [JEL D13 D99 J24]

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Year of publication:	2000-04-23
Authors:	Taylor, Leon
Institutions:	EconWPA
Keywords:	coal mining intertemporal choice labor household

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Extent:	application/x-tex application/pdf application/postscript
Series:	Labor and Demography.
Type of publication:	Book / Working Paper
Notes:	Type of Document - LaTex (Scientific Workplace); prepared on Compaq Presario; to print on HP; pages: 12; figures: 15 tables 12 pages
Classification:	D13 - Household Production and Intrahouse Allocation ; D99 - Intertemporal Choice and Growth. Other ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005125817