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...

We consider the conditions under which a singular concentration on objective measures of well-being embodied in the capability approach formulation provide unambiguous guidelines to policymakers who seek to reduce discrepancies between potential and realized outcomes. A consensus benefit of the...

We use parents' decisions to treat their children's body burdens of lead to infer parental ex ante willingness to pay for reduced burdens. Willingness to pay is estimated with a data set containing 256 observations; the data were originally gathered to assess the impact of children's body lead...