One objective of government investment is to develop public infrastructure which may reduce private sector costs. In a developing economy, the scope for payoffs to investments of this sort may be particularly large. A major concern related to the recent fiscal adjustment in Mexico is that it has...

Children take considerable time and effort to "produce," and their production is overseen by their families. As a consequence, family type may have a significant effect on child outcomes. One would expect that the relative disadvantages of having unmarried parents would have diminished over the...

This paper develops a model of marriage as an institution that changes the incentives of a mating game between men and women. Unlike other models of the family, decisions to invest in children are not contractible ex-ante, but must be sub-game perfect given that intimacy and pregnancy are...