Abstract:
Human capital accumulation is a key indicator of the development
process and is closely related to other development indicators such as
socioeconomic status and occupational productivity. This study
examines the human capital investment decisions that parents make in
relation to their children’s schooling. By conducting a cross-sectional
empirical analysis, it aims to determine how parents’ subjective
aspirations drive their investment decisions regarding children’s
schooling. The study uses the 2010/11 Privatization in Education
Research Initiative (PERI) dataset, which comprises a sample of children aged 5–14 who are currently enrolled in school.
