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ralph lauren polo

 
Xiaoyan Chen Youderian
 
''On parental care and home production''
( 2018, Vol. 38 No.1 )
 
 
I build a simple model on parental care and home production to consider an application of the Alchian-Allen theorem in time allocation problems. This theorem predicts that an increase in a parent's wage should lower the relative demand of parental care time to housework time. However, empirical studies find the opposite result. My model shows that the complementarity between parental time and education spending can explain this paradox.
 
 
Keywords: Time allocation, the Alchian-Allen Theorem, complementarity between parental time and education spending
JEL: J1 - Demographic Economics: General
I2 - Education: General
 
Manuscript Received : Feb 06 2018 Manuscript Accepted : Mar 23 2018

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