Studies on labor supply have increasingly taken account of not only the actual working hours, but also of working hour preferences as well as the discrepancy between them. However, longitudinal research on this topic remains scarce. This paper contributes to the analysis of working hour...

We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of...