This paper studies the nature and pattern of inter vivos two-sided intergenerational transfers of money and time between parents and adult children. We use an analytical model that incorporates altruistic and exchange behavior to describe the interaction between parents and their children. Using...

This study is devoted to studying households' decisions about moving and about whether to rent or own after moving. It employs dynamic discrete choice models which condition households' decisions on their circumstances at every point in time during the length of the observation while accounting...

Evans and Jovanovic (1989, Journal of Political Economy <Emphasis Type="Bold">97(4), 808–827) find that wealth is an important determinant of business startups due to liquidity constraints. However, Cressy (2000, Economic Letters <Emphasis Type="Bold">66, 235–240) argues that if risk aversion is a negative function of wealth, Evans...</emphasis></emphasis>

This paper considers models with latent/discrete endogenous regressors and presents a simulation-based two-step (STS) estimator. The endogeneity is corrected by adopting a simulation-based control function approacy. The first step consists of simulating the residuals of the reduced-form equation...

People turn out to cast their votes simply because they want to "cheer" or "boo" their favored or unfavored candidates. This expressive voting behavior is in marked contrast to the instrumental voting behavior, i.e., people vote because they perceive voting as a means of achieving a particular...