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, it is crucial to announce them in advance to allow parents to adjust their investments when their children are young. …Parental investments significantly impact children's outcomes. Exploiting panel data covering individuals from birth to … mothers and fathers make investments in their children. We find that time investments, educational investments, and …
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The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
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This paper focuses on two equity dimensions of climate policy, intra- and intergenerational equity, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which...
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