This study develops a dynamic model to analyze the optimal consumption and portfolio choices of households acquiring housing services through renting or owning. The model incorporates time-varying financial constraints, represented by the liquid wealth-to-house value ratio, to provide a unified...

Children and their parents resemble each other in terms of economic preferences such as patience and risk tolerance. What drives the intergenerational correlation in preferences? We build a model of preference formation that combines genetic transmission, state influence through childcare...

We estimate the long-term intergenerational mobility (IM) in Brazil, by mesoregion, utiliz ing the methodology developed by Güell, Mora and Telmer (2015) and Güell et al. (2018). Benefiting from the unique features of Brazil, such as data availability on income, edu cation, full names, our...

Less or more rain, forever pain? This paper examines the long-run and intergenerational effects of early-life exposure to droughts and wet shocks on human capital outcomes over the life course. Combining a unique three-decade longitudinal survey of pregnant mothers in Metropolitan Cebu, the...

We examine optimal government education expenditure policies in the form of cash transfers to school-aged children, with the objectives of enhancing intergenerational income mobility and reducing the skill premium. Using a calibrated overlapping generations (OLG) model tailored to recent...

We examine health persistence between parents and their adult children in Indonesia using both subjective and objective health measures including biomarkers. Using Principal Components Analysis, we estimate the interegenerational persistence of the combination of these measures to be 0.30,...