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We propose a dynamic stochastic model of the intergenerational transmission of capital that accounts for fertility differentials. The evolution of the distribution of capital depends on a parent-to-child capital transmission technology, which captures how capital is diluted across siblings, and...
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This paper proposes somatic capital as a hitherto neglected variable in the discussion of factors impacting the timing of the Neolithic transition. It develops an evolutionary growth theory that builds on the trade-off between the quantity and the quality of offspring. The theory suggests that...
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