Sooner or later? The impact of child education on household consumption

Carmen Aina, Daniela Sonedda

Risultato della ricerca: Contributo su rivistaArticolo in rivistapeer review

Abstract

We study the impact of one more year of child’s education on household (non-durable) consumption. We exploit an exogenous shock generated by a university reform in Italy in the early 2000s. We find that families responded in a way that is consistent with education as a production good. The higher child’s education produced household positive, permanent income innovations. Hence, family non-durable consumption increased. Our findings suggest that education can be an insurance device against adverse permanent income shocks. The 2001 reform not only positively affected offspring’s years of schooling, but it also had a positive effect to boost household consumption.

Lingua originaleInglese
pagine (da-a)2071-2099
Numero di pagine29
RivistaEmpirical Economics
Volume63
Numero di pubblicazione4
DOI
Stato di pubblicazionePubblicato - ott 2022

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