children varies across income groups. In the model, poor and middle-income families tend to channel their resources into a few … children whereas rich families (and perhaps very poor families as well) tend to allocate resources more evenly. As a result …

children varies across income groups. In the model, poor and middle-income families tend to channel their resources into a few … children whereas rich families (and perhaps very poor families as well) tend to allocate resources more evenly. As a result …

We consider the link between parents' influence over the preferences of children, parental investments in children …'s human capital, and children's support of elderly parents. It may pay for parents to spend resources to "manipulate" children …'s preferences in order to induce them to support their parents in old age. Since parents invest more in children when they expect …