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Parental investments significantly impact children’s outcomes. Exploiting panel data covering individuals from birth to retirement, we estimate child skill production functions and embed them into an estimated dynastic model in which altruistic mothers and fathers make investments in their...
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. -- Imperfect Altruism ; Real Options ; Hyperbolic Discounting ; Time Inconsistency ; Natural Resources Management …
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present a general equilibrium theory in which path dependence in sector choice of individuals over generations and mobility … frictions determine the dynamics of industrial compositions across locations in a country. The theory predicts that rising …
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The paper investigates empirically the differences in preferences towards protection of the environment. Using seven different dependent variables to focus on the impact of age, gender and children we use a large micro data set covering data from 33 Western and Eastern European countries. The...
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