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Title:Substitution effects in parental investments PDF Logo
Authors:Brandt, Loren
Siow, Aloysius
Wang, Hui
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4431
Abstract:The paper estimates how parents adjust bride-prices and land divisions to compensate their sons for differences in their schooling investments in rural China. The main estimate implies that when a son receives one yuan less in schooling investment than his brother, he will obtain 0.7 yuan more in observable marital and post-marital transfers as partial compensation. Controlling for unobserved household heterogeneity, planned consumption differences across sons, and a fuller accounting of lifetime transfers are quantitatively important. The empirical findings strongly support the unitary model as a model of resource allocation for sons in traditional agricultural families.
Subjects:Household model
parental investment
marriage market
transfers
JEL:D13
J12
J13
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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