The interaction between investment in children’s education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …

market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …