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This is a theoretical study of human-capital formation, where parental, as well as public investments are essential. Policy influence rich and poor parents differently when they make educational decisions. Rich parents allocate resources efficiently between physical bequests and educational...
Persistent link: https://www.econbiz.de/10005125917
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618
This paper studies the Gold Standard in Portugal. It was the first country in Europe to join Great Britain in 1854. The … are appropriate for the Gold Standard in Portugal. …
Persistent link: https://www.econbiz.de/10005412543