We study the consequences of broader access to credit and to capital markets on household's decisions over the number of children. In a life-cycle model of choice with forward and backward caring between parents and children, we analyze the effects of relaxing adults' borrowing constrains and...

There are two reasons to go beyond Behavioral Economics. The first reason is that humans, as presented by this school, do not explain many critical economic problems. Behavioral Economics is not an alternative paradigm to traditional economics. It is only one of the New Schools of thought, that...

We study the consequences of broader access to credit and capital markets on household decisions over the number of children. A model of the net reproduction rate is estimated on data from 78 countries over the period 1995–2010. Liquidity constraints are approximated by private credit and...

We study the consequences of broader access to credit and capital markets on household decisions over the number of children. A model of the net reproduction rate is estimated on data from 78 countries over the period 1995{2010. Liquidity constraints are approximated by private credit and...

Individuals and asset managers trade aggressively, resulting in high volume in asset markets, even when such trading results in high risk and low net returns. Asset prices display patterns of predictability that are difficult to reconcile with rational expectations–based theories of price...

The pharmaceutical industry has experienced a remarkable surge in "coopetition," wherein rival companies join forces to pursue shared objectives, leading to a dynamic business environment fraught with tensions resulting from the coexistence of strong, contradictory forces of competition and...

How polarized is Russian society regarding the war in Ukraine? Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant...

How polarized is Russian society regarding the war in Ukraine? Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant...

Rapid increases in work-related emigration and subsequent inflows of remittances have raised policy concerns about impacts on labour supply in emigration-source countries. The growing literature in this area ignores spillover effects from emigration and remittances in one locality affecting...

Political views affect various behaviors, including relationship formation. This study conducts a field experiment on a large Russian dating site and gathers data from over 3,000 profile evaluations. The findings reveal significant penalties for those who express pro-war or anti-war positions on...