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This paper studies premarital parental investments in children's wealth, where spousal wealth is a public good in marriage. By investing in their children's wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage...
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This paper re-examines Earl Hamilton`s famous 1929 thesis on "Profit Inflation"and the birth of modern industrial capitalism: namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages, thus providing industrial entrepreneurs with windfall...
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