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We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also leaves the labor market for a while. The daddy months...
Persistent link: https://www.econbiz.de/10010948876
in the usual way, and an unconventional one allowing them to qualify for a pension by having children, and investing time …
Persistent link: https://www.econbiz.de/10005051548
women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap …. College educated women marry later, have fewer children, are less likely to view marriage as “financial security”, are happier … has eroded as the returns to marriage have changed. Marriage and remarriage rates have risen for women with a college …
Persistent link: https://www.econbiz.de/10008572535
decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and …
Persistent link: https://www.econbiz.de/10005181293
of the two: if and only if children are more complementary to leisure should the taxbenefit link be given a positive … may justify redistribution from families with children to those without implied by most pension systems. We find that the … opposite redistribution, from the childless to those with children, would be efficient if individuals have low risk aversion …
Persistent link: https://www.econbiz.de/10005765728
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with … displays both a benefit contingent on the contributions of children and a purely fertility-related component. …
Persistent link: https://www.econbiz.de/10005766193
the number of children is generally preferable to family allowances because the latter creates a larger tax load on labor …This paper discusses alternative ways to deal with the positive externalities of having children in a pay …-as-you-go pension system. Family allowances are compared to introducing a fertility-related component into the pension formula. In an …
Persistent link: https://www.econbiz.de/10005181485
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper is the first to provide detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our...
Persistent link: https://www.econbiz.de/10010691459
family taxation using a household economics approach to behaviour; the nature of the winning policy is found to depend on … whether i) the parents control their fertility or not, ii) they value their children or not. Second, it investigates the … equity is virtually impossible to satisfy. The assessment on whether a given family taxation scheme attains horizontal equity …
Persistent link: https://www.econbiz.de/10010540255
The birth of children often shifts the power balance within a family. If family decisions are made according to the … birth of children may differ from the ex-ante optimal choice. In a model of cooperative decision making within a family, we … welfare enhancing policy intervention. We discuss the extent to which existing measures in family policy are suitable to …
Persistent link: https://www.econbiz.de/10010551434