This paper analyzes the determinants of schooling attainment at the household level for 14-years-old in urban regions of Saõ Paulo and Northeast Brazil, using data from the 1982 PNAD. We find mean schooling of 4.75 years in Saõ Paulo, and 3.25 years in the Northeast, both far short of the...

One theory for why there is an education gradient in health outcomes is that more educated individuals more quickly absorb new health-related information. The measles, mumps, and rubella (MMR) controversy provides a case where, for a short period, some publicized research suggested that the...

This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...