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Child Well-being in Transition Countries as an Intergenerational Investment in the Development of Human Capital

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  • Miroslav Verbič

    (Faculty of Economics, University of Ljubljana, Slovenia & Institute for Economic Research)

  • Nela Kačmarčik-Maduna

    (University of Sarajevo)

Abstract

This article proposes methods applicable for analysing intergenerational investment in human capital in 28 transition economies in Central and Eastern Europe and Central Asia, and the relationships among the economic performance of countries and their investments in the next generation’s human capital. As determinants, we introduce macroeconomic and demographic variables into our analysis. We hypothesize that the countries with better economic well-being invest more in their future human capital, measured by their child well-being indicators. The results indicate a significant and negative relationship between the present development status and deterrents of child well-being, as well as a positive relationship between economic development and positive child well-being. The article argues that the economic performance is not the only relevant determinant of intergenerational investment in human capital development.

Suggested Citation

  • Miroslav Verbič & Nela Kačmarčik-Maduna, 2018. "Child Well-being in Transition Countries as an Intergenerational Investment in the Development of Human Capital," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 11(4), pages 1077-1105, August.
    • Handle: RePEc:spr:chinre:v:11:y:2018:i:4:d:10.1007_s12187-017-9454-y
    DOI: 10.1007/s12187-017-9454-y
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    Cited by:

    1. Cho, Esther Yin-Nei & Yu, Fuk-Yuen, 2020. "A review of measurement tools for child wellbeing," Children and Youth Services Review, Elsevier, vol. 119(C).

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    More about this item

    Keywords

    Child well-being; Economic indicators; Transition countries; Human capital;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P36 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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