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children and spousal specialization in home production of public goods and child care. We then study how child care provision …
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This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills … investment in children compared to later remediation. We establish nonparametric identification of a general class of production … targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in …
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Modern Algorithmic Trading ("Algo") allows institutional investors and traders to liquidate or establish big security positions in a fully automated or low-touch manner. Most existing academic or industrial Algos focus on how to "slice" a big parent order into smaller child orders over a given...
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In this paper we study the process of children's skill formation. The identification of this process is challenging … because children's skills are observed only through arbitrarily scaled and imperfect measures. Using a dynamic la- tent factor … results to develop a sequential estimation algorithm for the joint dynamic process of latent investment and skill development …
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