Showing 1 - 10 of 46
We build a unique dataset of 300,000 famous people born between Hammurabi's epoch and 1879, Einstein's birth year. It includes, among other variables, the vital dates, occupations, and locations of celebrities from the Index Bio-bibliographicus Notorum Hominum (IBN), a very comprehensive...
Persistent link: https://www.econbiz.de/10010851448
Immigration is an important problem in many societies, and it has wide-ranging effects on the educational systems of host countries. There is a now a large empirical literature, but very little theoretical work on this topic. We introduce a model of family immigration in a frame- work where...
Persistent link: https://www.econbiz.de/10010547144
We propose a new theory of the demographic transition based on the evidence that body development during childhood is an important predictor of adult life expectancy. This theory is embodied in an OLG framework where fertility, longevity and education all result from individual decisions. The...
Persistent link: https://www.econbiz.de/10010547438
We study a model that integrates productive and socialization efforts with network choice and parental investments. We characterize the unique symmetric equilibrium of this game. We first show that individuals underinvest in productive and social effort, but that solving only the investment...
Persistent link: https://www.econbiz.de/10010961553
In many areas of economics there is a growing interest in how expertise and preferences drive individual and group …
Persistent link: https://www.econbiz.de/10010851379
We propose a notion of r-rationality, a relative version of satisficing behavior based on the idea that, for any set of available alternatives, individuals choose one of their r-best according to a single preference order. We fully characterize the choice functions satisfying the condition for...
Persistent link: https://www.econbiz.de/10011213421
characteristics of the agent's preferences. We offer a full characterization for the case of three alternatives. We also provide …
Persistent link: https://www.econbiz.de/10010773127
Discrete choice methods are often used for the estimation of time preferences. We show that these methods have …, not only in the experimental estimation of time preferences, but also in a wide variety of empirical papers using such …
Persistent link: https://www.econbiz.de/10011253114
We show that the welfare of a representative consumer can be related to observable aggregate data. To a first order, the change in welfare is summarized by (the present value of) the Solow productivity residual and by the growth rate of the capital stock per capita. We also show that...
Persistent link: https://www.econbiz.de/10010547127
We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions follow a conservative path that leads to the stabilization of...
Persistent link: https://www.econbiz.de/10010547479