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ResearchPaper
2014
The tradeoff between fertility and education : evidence from the Korean development path
The tradeoff between fertility and education : evidence from the Korean development path
Abstract (English)
Unified Growth Theory suggests the demographic transition and the associated rise in human capital formation were critical forces in the transition from Malthusian stagnation to modern economic growth. This paper provides empirical evidence in support of this hypothesis based on the Korean industrialization in the late 20th century. Using a fixed effects model and a fixed effect two-stage least squares model, this study exploits variations in fertility and in human capital formation across regions in Korea over the period 1970 to 2010. This analysis finds a virtuous cycle, where technological progress increased the demand for human capital, leading to an increase in the level of education and, in turn, to a demographic transition. This establishes the existence of a quantity–quality tradeoff on the Korean development path.
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Notes
Publication license
Publication series
FZID discussion papers; 92
Published in
Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
State Institutes
Institute
Institute of Economics
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Lee2014,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5855},
author = {Lee, Joongho and Jun, Bogang},
title = {The tradeoff between fertility and education : evidence from the Korean development path},
year = {2014},
school = {Universität Hohenheim},
series = {FZID discussion papers},
}