Siow, Aloysius; Zhu, Xiaodong - In: Review of Economic Dynamics 5 (2002) 4, pp. 999-1024
Women are fecund for a shorter period of their lives than men. In monogamous societies with divorce and remarriage, fecund women are relatively scarce. This paper studies how parents, who maximize discounted dynastic consumption, invest in the survival of their sons and daughters. The theory...