It is widely recognized that there is a continuum of physical growth and social-emotional and cognitive development across the life course, from the preconception health status of the mother through adulthood. This paper lays out a core economic model that illustrates the interrelationship of...

Because credit and insurance markets are imperfect and intrafamily transfers and how children use their time outside school hours are private information, the second-best policy makes school enrollment compulsory, forces overt child labor below its efficient level (if positive), and uses a...