How do systemic modes of discrimination-such as a caste system, or racial bias-impact the transmission of intergenerational opportunities in a developing country? What are the mechanisms by which discriminatory norms in labour and marriage markets affect such opportunities? How could we measure...

This paper characterizes optimal education and population policies within a continuous-time overlapping generations (OLG) framework where fertility, schooling duration, and health expenditures are endogenous. In this model, mortality risk is driven by a negative congestion effect from population...

We study a neoclassical growth model with population growth and agents who are heterogeneous in their discount factors. Population growth is interpreted as the entry of new infinitely-lived agents with zero initial endowments who are not included in the economic calculus of existing agents. We...