Details

Subject(s)

• Capital investments [Browse]
• Human capital [Browse]

Related name

• National Bureau of Economic Research [Browse]
• Tomes, Nigel [Browse]

Series

• Working Paper Series (National Bureau of Economic Research) no. w0123. [More in this series]
• NBER working paper series no. w0123

Summary note

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.

Notes

February 1976.

Source of description

Print version record

Doi

10.3386/w0123

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