Since the beginning of transition, the level and structure of average food consumption and expenditure of Russian households has changed substantially. This development has gone together with a steep increase in the share of food in total expenditure. Notable differences with respect to food...

We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...