This paper constructs an overlapping generations model with a frictional labor market to explain persistent low education in developing countries. When parents are uneducated, their children often face difficulties in finishing school and therefore are likely to remain uneducated. Moreover, if...

This study analyzes the altruistic and selfish motivations of charitable giving in the context of Japan’s hometown tax donation system, whereby people can donate to municipalities where they do not live and receive reciprocal gifts, using local government-level panel data for 2008–2015. We...

This paper examined how meeting the team-specific human capital is important in a football player’s performance by comparing the top two league teams. From panel data of the Japan Professional Football League, we find that changing the team reduced a player’s performance and that the...