This work analyzes the optimal allocation of assets over the life cycle of an investor who has the option to invest in his education. We characterize the optimal spending rule for education, and compare the optimal asset allocation of such investors with the optimal portfolios of investors with...

The level of abstention in elections has been increasing over the years in the majority of democratic countries, whether compulsory voting exists or not. We provide empirical evidence for the role of social networks as a main factor of influence in the turnout of an election. More intense social...