A simple dynastic economy with parental time investment in children’s patience
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DOI: 10.1016/j.econmod.2016.12.012
Abstract: This article explores the dynamics of a general equilibrium when an individual’s rate of time preferences is endogenous in a dynastic competitive economy. We postulate that altruistic parents allocate time to make their children patient… read more here.
Keywords: simple dynastic; time; parental time; dynastic economy ... See more keywords