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Levine, Victor – 1982
This paper presents a methodology for estimating the full cost of parental time allocated to child-care activities at home. Building upon the human capital hypothesis, a model is developed in which the cost of an hour diverted from labor market activity is seen as consisting of three components: 1) direct wages foregone; 2) investments in…
Descriptors: Educational Finance, Elementary Secondary Education, Expenditure per Student, Family Financial Resources