Many modern macroeconomic models either adopt a representative agent setup or introduce heterogeneity among individuals that leads only to trade in assets, while excluding the possibility that agents gain from…
Economists study the intergenerational transmission of skills and optimal human capital investment. Recent research has examined intergenerational associations of cognitive skills, trust and risk attitudes,…
Using experimental data of children and their mothers, this paper explores the intergenerational relationship of impatience. The child’s impatience stems from a delay of gratification experiment, the mother’s…
