Parental actions and sibling inequality.
This paper presents a simple model of resource allocation within the family. The model is based on two main assumptions: there are nonconvexities in human capital investments and parents cannot borrow to finance their children's education. The model shows that poor and middle-income parents will oft...
| Publicado en: | Journal of Development Economics Vol. 72; no. 1; pp. 281 - 298 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Elsevier Science
October 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | This paper presents a simple model of resource allocation within the family. The model is based on two main assumptions: there are nonconvexities in human capital investments and parents cannot borrow to finance their children's education. The model shows that poor and middle-income parents will often find it optimal to channel human capital investments into a few of their children, thus creating sizable inequalities among siblings. The paper shows that the predictions of the model are consistent with the available evidence for three Latin American countries. Copyright (c) 2003 Elsevier B.V. |
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