The Most Fundamental Constraint Is Limited Time

Still, Intuitive Assumptions About Behavior Is Only The Starting Point Of Systematic Analysis, For Alone They Do Not Yield Many Interesting Implications.

A Stronger Yuan Could Lead To Greater Chinese Asset Accumulation In The U.s. And Elsewhere.

The Most Fundamental Constraint Is Limited Time

Human Capital Analysis Starts With The Assumption That Individuals Decide On Their Education, Training, Medical Care, And Other Additions To Knowledge And Health By Weighing The Benefits And Costs. Benefits Include Cultural And Other Non-monetary Gains Along With Improvement In Earnings And Occupations, While Costs Usually Depend Mainly On The Foregone Value Of The Time Spent On These Investments.

The Treatise Tries To Analyze Not Only Modern Western Families, But Also Those In Other Cultures And The Changes In Family Structure During The Past Several Centuries.