Growth in a Patrilocal Economy: Female Schooling, Household Savings, and China’s One-Child Policy
2015/06/09
研討會日期 : 2015-06-09
時間 : 14:30
主講人 : Professor Wei-Cheng Chen
主持人 : Professor Wei-Torng Juang
地點 : Conference Room B110
演講者簡介 : Professor Chen received his Ph.D. in Economics from Washington University in St. Louis at 2014. He is currently an Assistant Professor at National Chung Cheng University. His research fields are Macroeconomics, Monetary Theory, Development Economics, and Economics of education.
演講摘要 : We develop a model of parental education decision to analyze how a population control policy affects saving and schooling in a patrilocal society, where sons are responsible to support aged parents more than daughters. Parent’s investment in education depends on the degree of parental altruism and the need for old-age security. A tightened population control policy makes parental altruism more important relative to the security motive and shortens gender gap in education. There is also a dynamic incentive for daughter’s education, since lower fertility promotes female labor market participation and increases the value of female education. Our model explains why the Chinese economy under the “One-Child Policy” exhibits a rapid growth of relative female schooling. Moreover, our model also explains the relationship between household savings and demographic changes. The later channel has been discussed extensively in recent years to explain the China’s saving puzzle.
