Showing 1 - 10 of 40
Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...
Persistent link: https://www.econbiz.de/10004969127
This paper combines income tax returns with Flow of Funds data to estimate the distribution of household wealth in the United States since 1913. We estimate wealth by capitalizing the incomes reported by individual taxpayers, accounting for assets that do not generate taxable income. We...
Persistent link: https://www.econbiz.de/10011083649
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a...
Persistent link: https://www.econbiz.de/10005792013
and purchased child care (e.g. childminders, nannies) for the care and rearing of children. The theoretical model implies …
Persistent link: https://www.econbiz.de/10005792321
The provision of subsidized child care may encourage women to participate in the paid labor force. This paper analyzes the effects of the price and availability of subsidized child care on labor force participation, using data from a Swedish household survey for 1984 in combination with data on...
Persistent link: https://www.econbiz.de/10005656121
addresses this question by estimating the effect of childhood exposure to China's Great Famine on adult health and labor market … adult health, educational attainment and labor supply. The results show that exposure to famine had significant adverse … effects on adult health and work capacity. The magnitude of the effect is negatively correlated with age at the onset of the …
Persistent link: https://www.econbiz.de/10005661820
Societies socialize children about sex. This is done in the presence of peer-group effects, which may encourage … undesirable behavior. Parents want the best for their children. Still, they weigh the marginal gains from socializing their … children against its costs. Churches and states may stigmatize sex, both because of a concern about the welfare of their flocks …
Persistent link: https://www.econbiz.de/10009371463
Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 that the volcano emits eventually forms particulate matter, another major pollutant. We use this exogenous source of pollution variation to estimate the impact of particulate...
Persistent link: https://www.econbiz.de/10011252621
We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education … has a protective effect for European males and females aged 50+. We also find that the mediating effects of health …
Persistent link: https://www.econbiz.de/10009385763
Increases in human stature are seen as a key indicator of improvement in the average health of populations. The … increased by 11cm--representing a dramatic improvement in health. Interestingly, there was a distinct acceleration in the period … and falling family size had more modest effects. Improvements in health care are hard to identify and the effects of the …
Persistent link: https://www.econbiz.de/10009207528