Question: Changes in basic education. Assume there is an increase in the basic skills, u, that each child receives. This may be because of the introduction
Changes in basic education. Assume there is an increase in the basic skills, u, that each child receives. This may be because of the introduction of universal primary schooling, for example. In the quantity/ quality model in Section 8.4, what effect does this have on the amount of education spending, E, that parents do? Does this affect the peak fertility rate? Does this affect the ability of a country to transition to sustained growth?
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