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Child Endowments and the Quantity and Quality of Children

Gary S. Becker^1,2; Nigel Tomes¹

¹ National Bureau of Economic Research · ² University of Chicago

This paper brings together and integrates social interactions and the special relation between quantity and quality. We are able to show that the observed quality income elasticity would be relatively high and the quantity elasticity relatively low and sometimes negative, even if the true "unobserved� income elasticities for quantity and quality were equal and of average value. Moreover, the observed quality elasticity would fall, and the observed quantity elasticity would rise, as parental income rose.

DOI

10.1086/260536

Volume

84 (4, Part 2)

Pages

S143-S162

Language

en

Export

BibTeX

Sources

crossref openalex