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Standard theories of resource allocation within the household posit that parents’ investments in their children reflect a combination of children’s endowments and parents’ preferences for child quality. We study how changes in children’s cognitive endowments affect the distribution of...
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Change in income inequality in Taiwan from 1964 to 1995 is sensitive to how household incomes are adjusted for … household composition. The reasonable practice of dividing household income by persons (or adults) in the household eliminates … the widely noted increase in income inequality from 1980 to 1995, and calls into question whether income inequality …
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