Elderly Americans who live with people under age 18 have lower life evaluations than those who do not. They also experience worse emotional outcomes, including less happiness and enjoyment, and more stress, worry, and anger. In part, these negative outcomes come from selection into living with a...

Recently, the sex of child has been widely used as a natural experiment and shown to induce change of the allegedly stable political predisposition, however, prior results have been contradictory: in the U.K., researchers found that having daughters leads to parents favoring left-wing political...

This project investigates how changes in Metropolitan Statistical Area (MSA)- level housing prices affect household fertility decisions. Recognizing that housing is a major cost associated with child rearing, and assuming that children are normal goods, we hypothesize that an increase in real...

We examine the consequences of childhood health for economic and health outcomes in adulthood, using height as a marker of health in childhood. After reviewing previous evidence, we present a conceptual framework that highlights data limitations and methodological problems associated with the...

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 histories and detailed controls. We exploit...

In the U.S. teen mothers are more likely to give birth to low birth weight babies than non-teen mothers. There is also substantial evidence that smoking is a risk factor correlated with low birth weight. Low birth weight is a costly outcome in both the short and long term for parents, children,...

Whereas studies have established the intra-household distribution of resources affects allocation decisions, little is known about how these decisions are affected by the distribution of resources among co-resident and non co-resident extended family members. Drawing on theoretical models of...

Household decisions are profoundly shaped by a complex set of financial options due to Social Security rules determining retirement, spousal, and survivor benefits, along with benefit adjustments that vary with the age at which these are claimed. These rules influence optimal household asset...

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...

As economic recessions reduce employment and wages, associated shifts in time and income constraints would be expected to also impact individuals' health behaviors. Prior work has focused exclusively on recreational exercise, which typically represents only about 4% of total daily physical...