This study explores how human capital investment of a child is affected by the number and the gender of his/her siblings. Two alternative explanations are tested for: competition for scarce resources versus direct interactions between siblings. An empirical application is provided using...

This paper argues for an alternative methodology to estimate the value of risk to life. By relaxing the assumption of additive separability, we introduce risk aversion with respect to the length of life and show that the extended model better fits available data. This is crucial for the...