Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of...

Demographic and economic growth will account for most of the anticipated growth in greenhouse gas (GHG) emissions in the next century. Education is associated with development, and the world population in the near future is likely to be significantly better educated than today. Previous studies...

This paper explores determinants of church attendance and the formation of 'religious human capital' in Germany within a Becker-style allocation-of-time framework. The analysis is based on data derived from the German Socio-Economic Panel (GSOEP). Taking advantage of the longitudinal structure...