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studies, we have found the discount rate to decrease with education. We examine this correlation further by testing the causal … effect of education and exploit two different sources of its variation: school frequency across villages and the number of … education has a significant impact on their discount rate, similar in magnitude for both types of instruments and robust to …
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Low growth equilibria with low investment in human capital generally tend to persist till an external shock affects the economy. In this paper we use data on Christian missions to proxy a long-lasting educational shock in Africa. We estimate the effect of this shock on the quality of children...
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