My Science - Blog / Mein Naturwissenschaftsblog

Hopefully some interesting bits of information extracted from science and non-fiction literature. (For historical reasons there are some poems scattered throughout this blog.) Sachthemen und Sachtexte. (Historisch finden sich auf diesem Blog auch einige Gedichte und Aphorismen.) [Just collecting some exciting bits of information here.] [Eine Sammlung von interessanten Texten, Fragen und Antworten will das hier sein. Nicht mehr, aber auch nicht weniger.]

Dienstag, 19. April 2016

The Child Quality-Quantity Tradeoff, England, 1780-1880: A Fundamental Component of the Economic Theory of Growth is Missing

The Child Quality-Quantity Tradeoff, England, 1780-1880: A Fundamental Component of the Economic Theory of Growth is Missing
G Clark & N Cummins (April 2016)

Abstract

In recent theorizing, modern economic growth was created by substituting child quality for quantity. However evidence for this tradeoff is minimal. In England the Industrial Revolution occurred in a period 1780-1879 of substantial human capital investment, but no fertility control, huge random variation in family sizes, and uncorrelated family size and parent quality. Yet family size variation had little effect on educational attainment, occupational status, or longevity, for both prosperous and poor families. More children reduced inherited wealth, but even that effect largely disappeared by the next generation. There is no quality-quantity tradeoff. Growth theory must proceed in other directions.

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