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We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...
Persistent link: https://www.econbiz.de/10011071224
marriage breakdown rates. We use this fundamental change in the Irish society as a natural experiment. We follow a difference … driven by selection and are robust to several specification checks, including the introduction of household fixed effects and …
Persistent link: https://www.econbiz.de/10011071522
Many cultural products have the same nonrival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic: societies tolerate monopolistic inefficiency in intellectual property (IP) protection to...
Persistent link: https://www.econbiz.de/10010884530
Necessary and sufficient conditions are derived for optimal saving in a stochastic neo-classical one-good world with discrete time. The usual technique of dynamic programming is replaced by classical variational and concavity arguments, modified to take account of conditions of measurability...
Persistent link: https://www.econbiz.de/10010928732
Persistent link: https://www.econbiz.de/10010745818
Persistent link: https://www.econbiz.de/10010746297
In Part A of the present study, subtitled 'The Consumption Function as Solution of a Boundary Value Problem' Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulation and derived sufficient conditions for optimality of a plan generated by...
Persistent link: https://www.econbiz.de/10011170087
Do other peoples’ incomes reduce the happiness which people in advanced countries experience from any given income? And does this help to explain why in the U.S., Germany and some other advanced countries, happiness has been constant for many decades? The answer to both questions is ‘Yes’....
Persistent link: https://www.econbiz.de/10011071479
analysis is used to try and uncover the factors which may be driving the emergence of the gender gaps. Drawing on household … household spending were found to correspond to gender biases in mortality and enrolment outcomes as revealed in census data for … expenditure data from a poor (Sichuan) and rich (Jiangsu) Chinese province we are able to test for different types of gender bias …
Persistent link: https://www.econbiz.de/10010928624
We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household … divorced. There appears to be little correlation between happiness and either gender or education level. We find some evidence …
Persistent link: https://www.econbiz.de/10010744878