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Using data from three cycles of the National Survey of Family Growth, we investigate whether there were adverse consequences of teenage childbearing in the 1950s and 1960s, when most abortions were illegal, and access to the pill was limited. We find negative effects of teen motherhood on the...
Persistent link: https://www.econbiz.de/10010709587
Household decisions are profoundly shaped by a complex set of financial options due to Social Security rules … claimed. These rules influence optimal household asset allocation, insurance, and work decisions, given life cycle demographic …
Persistent link: https://www.econbiz.de/10010951303
A growing literature offers indirect evidence that the distribution of bargaining power within a household influences … decisions made by the household. The indirect evidence links household outcomes to variables that are assumed to influence the … distribution of power within the household. In this paper, we have data on whether a husband or wife in the Health and Retirement …
Persistent link: https://www.econbiz.de/10005085270
/divorce/remarriage, and household labor supply decisions. A key feature of the model is that women bear a larger share of the divorce burden …
Persistent link: https://www.econbiz.de/10010640500
Families run a large fraction of business groups around the world. In this paper, we analyze how the structure of the families behind these business groups affects the groups' organization, governance and performance. To address this question, we constructed a unique data set of family trees and...
Persistent link: https://www.econbiz.de/10005714483
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
In this paper, we use five decades of time-use surveys to document trends in the allocation of time. We find that a dramatic increase in leisure time lies behind the relatively stable number of market hours worked (per working-age adult) between 1965 and 2003. Specifically, we show that leisure...
Persistent link: https://www.econbiz.de/10005034910
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within household …
Persistent link: https://www.econbiz.de/10010780812
We present a framework for the study of risk and return of household enterprise in developing economies. We make … in which each autarky household absorbs risk in isolation. The full risk-sharing benchmark delivers the prediction that … economy with autarky households predicts that overall fluctuation at the household level is the only concern. Our framework …
Persistent link: https://www.econbiz.de/10010821669
that the well-being benefits of marriage are short-lasting. Using data from the British Household Panel Survey, we control …
Persistent link: https://www.econbiz.de/10011114858