The Optimal Parental Time for Thai Economy
Main Article Content
Abstract
Since parents invest both their material resources and time into raising their children, this paper
construct a five period Heterogeneous Overlapping Generation model to investigate the optimal
how parental time allocation for their children. We use the calibrated parameters to find the optimal
parental time for Thai economy by difering values of parental time in the model to generate the
results for three different scenarios. To minimize wealth inequality the parental time should be set
at 12-15 percent. To maximize the total output, the average parental time should be set at 12-21%
of available time. While increasing the parental time will improve output and wealth equality,
Article Details
Copyright to published manuscripts becomes the property of the Graduate School of Development Economics, National Institute of Development Administration. Reproduction of all or part of a Development Economic Review (DER) article by anyone, excluding author(s), is prohibited, unless receiving our permission.
Disclaimer: Opinions expressed in articles published in this journal are those of the author (s) and do nto necessarily represent opinions of the Graduate School of Development Economics, National Institute of Development Administration. Trade and proprietary names are only for identification and not constitute our endorsement.