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prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in …
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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...
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children in the medium-run. I combine detailed household-level data on more than 36,000 children with geo-coded information on … 0.13 standard deviations and lowers cognitive and behavioral skills of children. Leveraging information on the severity …
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