A longstanding question in the economics of the family is the relationship between sibship size and subsequent human capital formation and economic welfare. If there is a causal quantity-quality tradeoff, then policies that discourage large families should lead to increased human capital, higher...

We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three...