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In this paper we study the process of children's skill formation. The identification of this process is challenging … because children's skills are observed only through arbitrarily scaled and imperfect measures. Using a dynamic la- tent factor …. Moreover, we find that the marginal productivity of early investments is substantially higher for children with lower existing …
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We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based … on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and … aim to mitigate it. Using a novel method to measure parental interference, we show that more than half of all parents are …
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are consistent with these grades being insufficiently salient for students to alter actual student behaviors …
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Our previous study (Auerbach, Gokhale and Kotlikoff 1991) introduced the concept of generational accounting, a method of determining how the burden of fiscal policy falls on different generations. it found that fiscal policy in the U.S. is out of balance, in terms of projected generational...
Persistent link: https://www.econbiz.de/10013212901
This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...
Persistent link: https://www.econbiz.de/10013323576