TY  - RPRT
        AU  - Brandt, Loren
AU  - Siow, Aloysius
AU  - Wang, Jackie
        TI  - Substitution Effects in Parental Investments
        PY  - 2009/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4431
        UR  - https://www.iza.org/publications/dp4431
        AB  - 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.
        KW  - marriage market
KW  - parental investment
KW  - household model
KW  - transfers
        ER  -