This paper presents a household theoretical model that explains child labor as a function of household resources, wages, and child work time allocation. The analysis is based on the interplay between household educational investment choices and adult-child wage differentials. The theory dynamics...

This paper develops a theoretical model that explores the effects of child investment on human capital accumulation. Household investment effects are measured as a function of quality of investment choices, time allocation, child effort, and spillover effects. The theory dynamics are derived by...

This paper develops a general equilibrium overlapping generation model of migrant and domestic households that reside in one of two countries, one rich and one poor. The model is used to analyze the impact of migration on human capital development. The model shows that migration, with...

Purpose The purpose of this paper is to study how positional concerns influence a parent’s time investment decisions of her/his child. Design/methodology/approach The author presents a theoretical and empirical analysis of household positional and non-positional time investment choices in the...