Child Development when Parents Enjoy Childcare
We develop a dynamic model of intrahousehold allocation to examine how parental time and resource investment trade-offs combine intertemporally to affect child human-capital development. The model allows parents' endogenous child investments, labor supply, and leisure choices to be determined simultaneously along an optimal time path. Joint production is incorporated, defined as the degree to which parental time devoted to childcare simultaneously serves as leisure. With improvements in assorted parameters describing household and neighborhood environments, child investments and development increase with the degree of jointness in parental time devoted to childcare.
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Volume (Year): 167 (2011)
Issue (Month): 2 (June)
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- Aiyagari, S. Rao & Greenwood, Jeremy & Seshadri, Ananth, 2002.
"Efficient Investment in Children,"
Journal of Economic Theory,
Elsevier, vol. 102(2), pages 290-321, February.
- S. Rao Aiyagari & Jeremy Greenwood & Ananth Seshadri, 2001. "Efficient investment in children," Working Paper 0105, Federal Reserve Bank of Cleveland.
- S. Rao Aiyagari & Jeremy Greenwood & Ananth Seshadri, 1999. "Efficient investment in children," Discussion Paper / Institute for Empirical Macroeconomics 132, Federal Reserve Bank of Minneapolis.
- S. Rao Aiyagari & Jeremy Greenwood & Ananth Seshadri, 2001. "Efficient Investment in Children," RCER Working Papers 481, University of Rochester - Center for Economic Research (RCER).
- Andrabi, Tahir & Das, Jishnu & Khwaja, Asim Ijaz & Zajonc, Tristan, 2009.
"Here Today, Gone Tomorrow? Examining the Extent and Implications of Low Persistence in Child Learning,"
4412571, Harvard Kennedy School of Government.
- Andrabi, Tahir & Das, Jishnu & Khwaja, Asim Ijaz & Zajonc, Tristan, 2009. "Here Today, Gone Tomorrow? Examining the Extent and Implications of Low Persistence in Child Learning," Working Paper Series rwp09-001, Harvard University, John F. Kennedy School of Government.
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