Elite college attendance significantly impacts students' entrepreneurship decisions and
career dynamics. We find that an elite college degree is positively correlated with …

This paper uses a dynastic model of household behavior to estimate and decomposed the
correlations in earnings across generations. The estimate model can explain 75% to 80% of …

We discuss the past, present and future of the structural approach in empirical
microeconomics, starting with its inception in the 1970s and 1980s. Our focus is on the use …

Abstract Fang and Wang's (2015) Proposition 2 claims generic identification of a dynamic
discrete choice model with hyperbolic discounting under exclusion restrictions. We note that …

This chapter discusses the past, present, and future of the structural approach in empirical
microeconomics, starting with its inception in the 1970s and 1980s. It focuses on the use of …

Pest management is an important concern for agricultural producers. We develop a novel
dynamic bioeconomic analysis framework that combines numerical dynamic optimization …

We study the effects of job-protected leave policies on intergenerational mobility, long-run
child outcomes, and parental decisions (labor market, investments in children, and fertility) …

We use a dynastic model of household behavior to estimate and decompose the
correlations in earnings across generations. The estimated model can explain 75% to 80 …

We study the impact of income taxation on intergenerational income correlation. We
estimate a life cycle dynastic model and conduct counterfactual analysis to observe the …

We study the impact of the income taxation on parental investment for children and its
consequence on intergenerational income correlation. We estimate a life-cycle dynastic …