Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333960 
Authors: 
Year of Publication: 
2025
Series/Report no.: 
BOFIT Discussion Papers No. 12/2025
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
Demand for skilled labor and social status accorded by educational achievements induce a race to acquire education, dubbed "education fever". In conjunction with credit market constraints and in the context of quantityquality tradeoff, this, in turn, may reduce fertility, especially in well-educated families, and create cross section inequality while limiting intergenerational mobility. The resulting inequality is persistent which, in turn, may have adverse implications for economic growth. It is argued that these phenomena are consistent with recent economic and social developments in China.
Subjects: 
Education fever
human capital
fertility
inequality
China
JEL: 
D13
J13
O11
Z13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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