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and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …
Persistent link: https://www.econbiz.de/10010723543
This paper studies the effect of child care provision on family structure. We present a model of a marriage market with … mothers than for single mothers. We show that this increases the number of single mothers and the divorce rate. Using survey …
Persistent link: https://www.econbiz.de/10010877918
risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …
Persistent link: https://www.econbiz.de/10005765793
: divorce has been introduced, and the number of marriages has decreased. We suggest that a taboo against divorce was part of … suitable alternatives, the taboo was no longer expedient, and was dropped. For the same reasons, marriage has become less … popular. We further notice that divorce is an extremely costly process, and once allowed it may act as an independent reason …
Persistent link: https://www.econbiz.de/10005766085
This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and … higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of … which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of …
Persistent link: https://www.econbiz.de/10008511602
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …-stage game-theoretical model. The paper examines the effects of (i) family law (cost of obtaining a divorce, alimony … assignment of property rights over total goods and assets acquired within marriage, (iii) enforceability of bride-price contracts …
Persistent link: https://www.econbiz.de/10005406405
women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap … has eroded as the returns to marriage have changed. Marriage and remarriage rates have risen for women with a college … degree relative to women with fewer years of education. However, the patterns of, and reasons for, marriage have changed …
Persistent link: https://www.econbiz.de/10008572535
-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …
Persistent link: https://www.econbiz.de/10005196314
growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality … cointegration relationship when country groups are considered. …
Persistent link: https://www.econbiz.de/10009320785
markets, LIBOR markets have minimal frictions which could lead to rejecting UIP. Using panel unit root test suggested by Palm …, Smeekes, and Urbain (2010) and cointegration techniques by Westerlund (2007), we find that UIP holds for short-term maturities …, when market-specific heterogeneity is controlled for. Furthermore, the estimation results show that the speed of adjustment …
Persistent link: https://www.econbiz.de/10010552442