Agee, Mark D.; Crocker, Thomas D. - In: Journal of Institutional and Theoretical Economics (JITE) 167 (2011) 2, pp. 392-407
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...