This paper examines the impact of parental investments on various skills during childhood using the Mannheim Study of Children at Risk (MARS). Our work offers three important innovations. First, we use reliable measures of the child's cognitive, mental and emotional skills as well as accurate...

Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...