This paper introduces a discrete-time intertemporal investment model in which the flow of profits affects the risk premium on the cost of finance, and, as a consequence, the rate of discount of future profits. While public investments, according to a consolidated literature, constitute the main...

We use data on inter-generational gains in educational attainment by some 500,000 individuals in 200 West Bengal villages to explore gender-differentiated impacts of land reform on human capital accumulation at the individual level. While there are significant gains (of about 0.3 years for...