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- W3192783223 abstract "The purpose of this study is to analyze whether investment in education is sustainable. The study applies a model of repeated games to investment in child education under an overlapping generations (OLG) setting. It is assumed that a household consists of three generations and each individual lives through three stages of life. If there are no intergenerational altruistic links, an intergenerational conflict will arise among the family members. In such a situation, the main result is that investment in child education is unsustainable in the weak equilibrium. Therefore, it would be extremely difficult for poor households to escape the poverty trap." @default.
- W3192783223 created "2021-08-16" @default.
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- W3192783223 date "2021-01-01" @default.
- W3192783223 modified "2023-10-17" @default.
- W3192783223 title "Investment in Education and Intergenerational Conflicts of Interest within the Family" @default.
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- W3192783223 doi "https://doi.org/10.1007/978-981-16-0885-8_8" @default.
- W3192783223 hasPublicationYear "2021" @default.
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