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This chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...
Persistent link: https://www.econbiz.de/10014023653
Much of the debate over the allocation of education resources focuses on the alleged benefits of smallness—of classroom …
Persistent link: https://www.econbiz.de/10011056726
The early contributions to the microeconomic literature assume that only market goods yield utility, and that the only way adults can secure the consumption of these goods in old age is by saving. The more recent contributions recognize, however, that the elderly derive utility also from goods...
Persistent link: https://www.econbiz.de/10014023481
We explore the relationship between relative physical attractiveness in the household and the hours worked by married men and women. Using PSID data, we find that husbands who are thinner relative to their wives work fewer hours, while wives who are heavier relative to their husbands work more...
Persistent link: https://www.econbiz.de/10009725327
significant decline in marriage and a rise in divorce; (iv) a higher degree of positive assortative mating; (v) more children …
Persistent link: https://www.econbiz.de/10011585848
There is ample evidence that bereavement is associated with heightened mortality. Regardless of whether this strong association is truly causal, little is known about the factors contributing to it. This study begins to unpack the black box of the bereavement–mortality puzzle by investigating...
Persistent link: https://www.econbiz.de/10010870816
The worldwide problem with pay-as-you-go, defined-benefits social security systems isn't just financial. Through a dynamic, overlapping-generations model where forming a family and bearing and educating children are choice variables, we show that social security taxes and benefits generate...
Persistent link: https://www.econbiz.de/10005027322
Formal schooling increases earnings and provides other individual benefits. However, societal benefits of education may … exceed individual benefits. Research finds that increased average education levels in an area are correlated with higher … earnings, even for locals with relatively little education. Science, technology, engineering, and mathematics (STEM) graduates …
Persistent link: https://www.econbiz.de/10011430542
Most empirical investigations of the effects of cognitive skills assume that they are produced by schooling. Drawing on longitudinal data to estimate production functions for adult verbal and nonverbal cognitive skills, we find that: (1) School attainment has a significant and substantial effect...
Persistent link: https://www.econbiz.de/10010254285
higher secondary education are found to have the greatest short to medium-term impact on the country's real GDP. Consistently … that secondary and higher secondary education should be emphasized by Bangladesh. …
Persistent link: https://www.econbiz.de/10011213247