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opposite redistribution, from the childless to those with children, would be efficient if individuals have low risk aversion …. Redistribution in favor of the infertile would only be justified when risk aversion is high. …
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 human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and education, we discuss internalization policies...
Persistent link: https://www.econbiz.de/10005766193
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 endogenous labor supply setting, both instruments are...
Persistent link: https://www.econbiz.de/10005181485
financial sustainability of social security schemes, and reform initiatives and proposals abound. It is shown that a fundamental …
Persistent link: https://www.econbiz.de/10005094323
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
Analyzing a homogenous household setting with endogenous fertility and endogenous labor supply, we demonstrate that moving from joint taxation to individual taxation and adapting child benefits so as to keep fertility constant entails a Pareto improvement. The change is associated with an...
Persistent link: https://www.econbiz.de/10005181258
Between 1972 and 1978 U.S. high schools rapidly increased their female athletic participation rates—to approximately the same level as their male athletic participation rates—in order to comply with Title IX, a policy change that provides a unique quasi-experiment in female athletic...
Persistent link: https://www.econbiz.de/10008583656
We apply German Mikrozensus data for the period 1996 to 2004 to investigate the employment status of mothers. Specifically, we ask whether there are behavioral differences between mothers in East and West Germany, whether these differences disappear over time, and whether there are differences...
Persistent link: https://www.econbiz.de/10008671706
Empirical research has given cause to fear that the demographic ageing in industrialized countries is likely to exert a negative impact on educational spending. These papers have linked the share of the elderly with the per capita or per pupil spending on education at the local, state-wide or...
Persistent link: https://www.econbiz.de/10005405879
The passage of Title IX, the 1972 Education Amendments to the Civil Rights Act, expanded high school athletic opportunities to include girls, revolutionizing mass sports participation in the United States. This paper analyzes high school athletic participation in the United States and how sports...
Persistent link: https://www.econbiz.de/10005406242