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.
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