Del Boca, Daniela; Flinn, Christopher J.; Verriest, Ewout; … - 2019
We construct and estimate a model of child development in which both the parents and children make investments in the … heterogeneity in preferences both for parents and children, and in monitoring costs. Like their parents, children are forward … looking, but we allow children and parents to have different preferences and for children to have age-varying discount rates …