Using three‐wave Thai household panel data covering the years 2005 to 2007, this study examined the effect of liquidity constraints on the quality‐quantity trade‐off for children. The results show that there was a quality‐quantity trade‐off for credit‐constrained households, while there was no such trade‐off for unconstrained households when a 6,000 Baht monthly income and ability to borrow were used as the classifying criteria. The evidence of the Q‐Q trade‐off is less clear when a 15,000 Baht monthly income is used. The quality income elasticity was found to be higher than the quantity income elasticity for credit‐constrained households.

中文翻译：

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信贷限制以及家庭规模与泰国儿童投资之间的权衡

本研究使用涵盖2005年至2007年的三波泰国家庭面板数据，研究了流动性限制因素对儿童质量数量权衡的影响。结果表明，当信贷收入受限的家庭使用质量数量权衡时，而将月收入6,000泰铢和借贷能力用作分类标准的情况下，对于信用受限的家庭则没有这种权衡。当使用每月15,000泰铢的收入时，Q-Q权衡的证据不太清楚。发现信用约束家庭的质量收入弹性高于数量收入弹性。