Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision making in families) is...

The present paper has made an attempt to analyze the effects of different trade and investment liberalization policies on the incidence of child labour in a developing economy using a three-sector general equilibrium framework with a non-traded final commodity produced by child labour. The...

Focusing on decisions in health and finance, we collected new data in a general population survey on (i) individual-specific attitudes toward risk, loss and ambiguity and (ii) individual-specific probabilistic beliefs about events related to the decisions we consider. The joint availability of...

Nozick's "utility monster" - a being who is more efficient than other persons at transforming resources into well-being - is often regarded as deeply impossible, on the ground of the incapacity of a single person to have a life that is better than a large number of other lives. In this article,...

While the existence of the in-group bias is a well-researched phenomenon in Economics, the established findings are of limited value for understanding its dynamics in the context of challenging societal and economic times. The aim of this paper is to shed more light on whether intergroup...

We develop a theoretical model to study sex selection behaviour as a collective choice constraint by a formidable set of actions which are not permissible, by incorporating social interactions wherein families induct biasness against girl child as a virtue of their collective dislike against...

We introduced the structure of an overlapping generation model endogenizing fertility into a new economic geography model to analyze regional and whole economy demographics and the impact of the economic integration between regions. In particular, by introducing survival probabilities, we...

Welfare States do not insure citizens against the risk of premature death, i.e., the risk of having a short life. Using a dynamic OLG model with risky lifetime, this paper compares two insurance devices reducing well-being volatility due to the risk of early death: (i) an ante-mortem age-based...

In this paper we show that it may be optimal for individuals to educate more and decrease future labor supply (choose earlier retirement) when life expectancy increases. This result reconciles the findings of Hazan [Hazan, M., 2009. Longevity and Lifetime Labor Supply: Evidence and Implications....