This study used data from the British Cohort Study to examine the relationshipsbetween childhood background experiences and a variety of indicators of adultwell-being. Similar to an earlier study that analyses the National ChildDevelopment Study, we use a rich array of childhood background...

In this paper, we study a decentralized monetary economy witha speci…ed set of markets, rules of trade, an equilibrium concept, and a restricted setof policies and derive a set of equilibrium (monetary) allocations generated by thesepolicies. Next we set up a simpler constrained planning...