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The Role of Rents to Human Capital in Economic Development
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994
In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of such rents, the return to human capital is entirely appropriated by the old and accumulation is entirely determined by the income to fixed factors. If rents are introduced by...
Persistent link: https://www.econbiz.de/10005662008
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On Sustainable Pay-As-You-Go Systems
Demange, Gabrielle - C.E.P.R. Discussion Papers - 2005
An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an...
Persistent link: https://www.econbiz.de/10005666926
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Who Owns Children and Does it Matter?
Schoonbroodt, Alice; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2010
failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The …) model with fertility choice and altruism, and model ownership by introducing a minimum constraint on transfers from parents … transfer floor is binding, fertility choices are inefficient. We show how this inefficiency relates to dynamic inefficiency in …
Persistent link: https://www.econbiz.de/10008468613
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A Quantative Analysis of Swedish Fertility Dynamics: 1751-1990
Eckstein, Zvi; Mira, Pedro Solbes; Wolpin, Kenneth - C.E.P.R. Discussion Papers - 1998
This paper analyses the relationship between age-specific fertility, mortality and real wages in Sweden during the … demographic transition. We take an overlapping generation’s model of life cycle fertility and fit it to actual Swedish time …-series data over the past two and a half centuries. The model fits the data well, accurately portraying the total fertility …
Persistent link: https://www.econbiz.de/10005136659
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To Segregate or to Integrate: Education Politics and Democracy
de la Croix, David; Doepke, Matthias - C.E.P.R. Discussion Papers - 2006
public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …
Persistent link: https://www.econbiz.de/10005124295
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Cultural Transmission and Discrimination
Sáez-Martí, Maria; Zenou, Yves - C.E.P.R. Discussion Papers - 2010
Workers can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' investment on the trait and the social environment where children live. We show that, if a high enough proportion of employers...
Persistent link: https://www.econbiz.de/10008468522
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On the Origin of the Family
Francesconi, Marco; Ghiglino, Christian; Perry, Motty - C.E.P.R. Discussion Papers - 2010
This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...
Persistent link: https://www.econbiz.de/10008468712
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Genes, Legitimacy and Hypergamy: Another Look at the Economics of Marriage
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2008
In order to credibly "sell" legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...
Persistent link: https://www.econbiz.de/10005123619
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Trade Union Objectives and Economic Growth
Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2001
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds that of capitalists. We make this point in an overlapping...
Persistent link: https://www.econbiz.de/10005123702
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The Role of Immigration in Sustaining the Social Security System: A Political Economy Approach
Razin, Assaf; Sand, Edith - C.E.P.R. Discussion Papers - 2007
In the political debate people express the idea that immigrants are good because they can help pay for the old. The paper explores this idea in a dynamic political-economy setup. We characterize sub-game perfect Markov equilibria where immigration policy and pay-as-you-go (PAYG) social security...
Persistent link: https://www.econbiz.de/10005123886