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This research analyzes the contemporaneous and intertemporal relationship between the demands for alcohol and marijuana by youths and young adults. A general theory of multi-commodity habit formation is developed and tested using data from the 1983-1984 waves of the National Longitudinal Survey...
Persistent link: https://www.econbiz.de/10012472468
Do adult children affect the care elderly parents provide each other? We develop two models in which the anticipated … behavior of adult children provides incentives for elderly parents to increase care for their disabled spouses. The … "demonstration effect" postulates that adult children learn from a parent's example that family caregiving is appropriate behavior …
Persistent link: https://www.econbiz.de/10012464320
A subset of harm reduction strategies encourages individuals to switch from a harmful addictive good to a less harmful addictive good; examples include e-cigarettes (substitutes for combustible cigarettes) and methadone and buprenorphine (substitutes for opioids). Such harm reduction methods have...
Persistent link: https://www.econbiz.de/10014226123
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identification of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …
Persistent link: https://www.econbiz.de/10012462910
We develop a new estimator for the process of children's skill formation in which children's skills endogenously …We use our identification results to develop a sequential estimation algorithm for the joint dynamic process of … United States, we estimate the technology of skill formation, the process of parental investments in children, and the adult …
Persistent link: https://www.econbiz.de/10012456235
A recent and growing area of research applies latent factor models to study the development of children's skills. Some … estimation. We show that these KLS production functions are already restricted in the sense that their location and scale is …
Persistent link: https://www.econbiz.de/10012456236
Whereas studies have established the intra-household distribution of resources affects allocation decisions, little is known about how these decisions are affected by the distribution of resources among co-resident and non co-resident extended family members. Drawing on theoretical models of...
Persistent link: https://www.econbiz.de/10012457964
arrivals. Each of these arriving consumers then solves a standard discrete choice problem. We present a Bayesian IV estimation …
Persistent link: https://www.econbiz.de/10012794558
Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth...
Persistent link: https://www.econbiz.de/10012472274
We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese monetary policy is that there are significant differences...
Persistent link: https://www.econbiz.de/10012472722