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Complex Mortgages
Sialm, Clemens; Amromin, Gene; Huang, Jennifer; Zhong, … - National Bureau of Economic Research (NBER) - 2011
We investigate the characteristics and the default behavior of households who take out complex mortgages. Unlike traditional fixed rate or adjustable rate mortgages, complex mortgages are not fully amortizing and enable households to postpone loan repayment. We find that complex mortgages are...
Persistent link: https://www.econbiz.de/10009251525
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Capital Taxation and Ownership when Markets are Incomplete
Farhi, Emmanuel - National Bureau of Economic Research (NBER) - 2007
This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...
Persistent link: https://www.econbiz.de/10005829854
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From Empty Pews to Empty Cradles: Fertility Decline Among European Catholics
Berman, Eli; Iannaccone, Laurence R.; Ragusa, Giuseppe - National Bureau of Economic Research (NBER) - 2012
Catholic countries of Europe pose a demographic puzzle -fertility is unprecedentedly low (total fertility=1.3) despite …. We use differential declines in service provision --measured by nuns/capita-- to identify its effect on fertility …) has no effect for Protestants, but predicts fertility decline for Catholics. The data suggest that service provision and …
Persistent link: https://www.econbiz.de/10010951461
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Children's Schooling and Parents' Investment in Children: Evidence from the Head Start Impact Study
Gelber, Alexander M.; Isen, Adam - National Bureau of Economic Research (NBER) - 2011
Parents may have important effects on their children, but little work in economics explores whether children's schooling opportunities crowd out or encourage parents' investment in children. We analyze data from the Head Start Impact Study, which granted randomly-chosen preschool-aged children...
Persistent link: https://www.econbiz.de/10009401050
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Do Financial Incentives Affect Fertility?
Cohen, Alma; Dehejia, Rajeev; Romanov, Dmitri - National Bureau of Economic Research (NBER) - 2007
This paper investigates how fertility responds to changes in the price of a marginal child and in household income. We … construct a large, individual-level panel data set of married Israeli women during the period 1999-2005 that contains fertility … subsidy for infra-marginal children). We find a significant and positive price effect on fertility: the mean level of marginal …
Persistent link: https://www.econbiz.de/10004992023
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Estimating the Production Function for Human Capital: Results from a Randomized Control Trial in Colombia
Attanasio, Orazio; Meghir, Costas; Cattan, Sarah; … - National Bureau of Economic Research (NBER) - 2015
We examine the channels through which a randomized early childhood intervention in Colombia led to significant gains in cognitive and socio-emotional skills among a sample of disadvantaged children. We estimate production functions for cognitive and socio-emotional skills as a function of...
Persistent link: https://www.econbiz.de/10011185008
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Family Planning: Program Effects
Miller, Grant; Babiarz, Kimberly Singer - National Bureau of Economic Research (NBER) - 2014
-income countries. In doing so, it focuses on fertility outcomes (the number and timing of births), women's health and socio … programs may only explain a small share of fertility decline in real-world settings. Family planning programs may also have …
Persistent link: https://www.econbiz.de/10010951137
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Shocking Behavior : Random Wealth in Antebellum Georgia and Human Capital Across Generations
Bleakley, Hoyt; Ferrie, Joseph P. - National Bureau of Economic Research (NBER) - 2013
Does the lack of wealth constrain parents' investments in the human capital of their descendants? We conduct a fifty-year followup of an episode in which such constraints would have been plausibly relaxed by a random allocation of wealth to families. We track descendants of those eligible to win...
Persistent link: https://www.econbiz.de/10010951333
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Alternative Cash Transfer Delivery Mechanisms: Impacts on Routine Preventative Health Clinic Visits in Burkina Faso
Akresh, Richard; Kazianga, Harounan; Walque, Damien de - National Bureau of Economic Research (NBER) - 2012
We conducted a unique randomized experiment to estimate the impact of alternative cash transfer delivery mechanisms on household demand for routine preventative health services in rural Burkina Faso. The two-year pilot program randomly distributed cash transfers that were either conditional or...
Persistent link: https://www.econbiz.de/10009652790
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Jobs and Kids: Female Employment and Fertility in Rural China
Eggleston, Karen Nisa; Zeckhauser, Richard; Fang, Hai; … - National Bureau of Economic Research (NBER) - 2010
affects fertility in China. China has deep concerns with both population size and female employment, so the relationship … prospects affect fertility. Then a well-validated instrumental variable isolates this effect. Female employment reduces a …
Persistent link: https://www.econbiz.de/10008635938