Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at...

This paper examines the connection between risky behaviors and various so-cioeconomic factors, including skills, preferences, aspirations, expectations, and exposure to shocks. Using a representative sample of Chilean youths aged 15 to 19 years old, our analysis identifies self-esteem, risk...