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   Better Rich, or Better There? : Grandparent Wealth, Coresidence, and Intrahousehold Allocation

   Documents de politique et mémoires

   janvier, 1997

   Philippines

   droit de propriété

   This paper uses three-generation retrospective data from the rural Philippines toexamine the role of the extended family, proxied by alternative measures ofgrandparent coresidence, on investments in children. An extension of the wealthmodel of intergenerational transfers shows that extended family resources may affecttransfers to children if parents are credit constrained. Family-level unobservables areimportant in determining the allocation of education and land between sons anddaughters. Both parent and grandparent pre-marriage wealth affect children’scompleted schooling levels.