Education fever: inequality, fertility, and growth, with application to China
MARK GRADSTEIN
Abstract
Demand for skilled labor and social status accorded by educational achievements induce a race to acquire education, dubbed “education fever.” In conjunction with credit market constraints and in the context of quantity-quality tradeoff, this, in turn, may reduce fertility, especially in well-educated families, and create cross-sectional inequality while limiting intergenerational mobility. The resulting inequality is persistent, which, in turn, may have adverse implications for economic growth. I argue that these phenomena are consistent with recent economic and social developments in China.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.