TY - UNPB
T1 - Investment in education and household consumption
AU - AINA, CARMEN
AU - SONEDDA, Daniela
PY - 2018/1/1
Y1 - 2018/1/1
N2 - We test whether household non-durable consumption and in years of schooling are related, by exploiting a university reform that mostly changes the marginal costs of educational investment. The empirical results suggest that education is a production rather than a normal consumption good, producing mainly potential life-time gains. This finding implies that such reform which achieves its goal, not only positively affects the individuals’ human capital accumulation process but it also has the unintended positive effect to moderately boost consumption.
AB - We test whether household non-durable consumption and in years of schooling are related, by exploiting a university reform that mostly changes the marginal costs of educational investment. The empirical results suggest that education is a production rather than a normal consumption good, producing mainly potential life-time gains. This finding implies that such reform which achieves its goal, not only positively affects the individuals’ human capital accumulation process but it also has the unintended positive effect to moderately boost consumption.
KW - Education enrollment
KW - Household consumption preferences
KW - Education enrollment
KW - Household consumption preferences
UR - https://iris.uniupo.it/handle/11579/99245
M3 - Working paper
SN - 978-88-9386-069-7
BT - Investment in education and household consumption
ER -