Child Endowments and the Quantity and Quality of Children

@article{Becker1976ChildEA,
  title={Child Endowments and the Quantity and Quality of Children},
  author={Gary Stanley Becker and Nigel Tomes},
  journal={Journal of Political Economy},
  year={1976},
  volume={84},
  pages={S143 - S162}
}
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 "unobservedâ€? 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… 
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This work has suggested that economic models of household investment in children suggest that child schooling may be a very poor or even inverse proxy for child quality.
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This paper uses a modified neoclassical household model that incorporates parental power and demonstrates that only under certain conditions, anti-child labor laws that effectively reduce a child’s
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