How should governments design neighborhood-based policies to improve long-run outcomes for children, once one accounts for general equilibrium (GE) forces—endogenous rents, neighborhood quality, …
PublishedJournal of Political EconomyOnline 7 Jan 2026Published Jul 2026
This paper embeds early childhood development (ECD) investment into a general-equilibrium (GE), heterogeneous-agent, overlapping-generations model calibrated to U.S. data in order to quantify the …