A statistical model of dynamic intrafamily investment behavior incorporating endowment heterogeneity is estimated to evaluate alternative estimation procedures that have exploited family and kinship data. These procedures, which place alternative restrictions on the endowment structure and on behavior, include generalized least squares, fixed-effects based on the children of sisters and siblings, and instrumental variables. The framework is applied to data on birth outcomes, with focus on the effects of teen-age childbearing net of other maternal behavior. The empirical results imply that the least restrictive statistical formulation, consistent with dynamic behavior and heterogeneity among siblings, fits the data best. Copyright 1995 by The Econometric Society.
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Article provided by Econometric Society in its journal Econometrica.
Volume (Year): 63 (1995) Issue (Month): 2 (March) Pages: 303-26 Download reference. The following formats are available: HTML
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