A novel analysis framework for the spatial aspects of car travel, measured by vehicle miles travelled (VMT), is introduced in this paper. The specification of a dynamic Spatial Durbin Model (SDM) enables the analysis of VMT spatial spillovers and diffusion between neighboring areas in the short...

We simulate a two-period overlapping generations model with heterogeneous agents. Parents receive utility from the quantity and quality of their offspring. An increase in the wage rate leads to higher opportunity costs of child-rearing time, thus implying lower fertility and higher quality per...

Higher child mortality reduces the willingness of parents to invest in children's education and increases their desired level of fertility. In this context, economic inequality is not only decisive for human capital investments and the emergence of differential fertility, but also for agents'...