Theodore W. Schultz, "Economics of the Family: Marriage, Children, and Human Capital : A Conference Report of the National Bureau of Economic Research"
1974 | pages: 584 | ISBN: 0226740854 | PDF | 11,8 mb
During the past decade a small group of economists have been analyzing the fertility behavior of the family, using the concepts of human capital and of the allocation of time. These studies led to the development of the household production function and to the representation of the family as an important decision-making entity in allocating the scarce resources at its disposal in household production for current consumption and investment in children.
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