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comparative advantages in math of parents are significantly linked to those of their children. A causal interpretation follows … quality. Finally, we show the strong influence of family skill transmission on children's choices of STEM fields …
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This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift …. The individual's rank in the income distribution is a stronger determinant of effort than others' average income …: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given …
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between children and subjective well-being is positive only in developed countries, and for those who become parents after the …There is mixed evidence in the existing literature on whether children are associated with greater subjective well … age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …
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Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
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