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The tradeoff between fertility and education: Evidence from the Korean development path

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  • The tradeoff between fertility and education: Evidence from the Korean development path
  • Jun, Bogang; Lee, Joongho
  • University of Hohenheim


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Title The tradeoff between fertility and education: Evidence from the Korean development path
Similar Titles
Material Type Reports
Author(English)

Jun, Bogang; Lee, Joongho

Publisher

[Stuttgart, Germany] : University of Hohenheim

Date 2014
Series Title; No FZID discussion papers / 92-2014
Pages 38
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Population
Social Development < Education
Holding EconPapers
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Abstract

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.