Mookherjee, Dilip; Napel, Stefan; Ray, Debraj - In: Journal of the European Economic Association 8 (2010) 1, pp. 139-168
This paper examines the steady states of an overlapping generations economy with a given distribution of household locations over a one-dimensional interval. Parents decide whether or not to educate their children. Educational decisions are affected by location: There are local complementarities...