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Approximately four out of ten American children experience the divorce of their parents. This raises concern because … offspring of married parents. The belief that a two-parent family is the ideal environment for raising children is reflected in … interparental conflict adversely affects children, and such policies may prolong conflict-ridden marriages. The first goal of my …
Persistent link: https://www.econbiz.de/10005069343
This appendix of our paper, "Demographic Change, Human Capital and Welfare", contains further material that could not be included in the paper due to space limitations. It is organized as follows. Section A contains the formal equilibrium definition. Section B provides more results on the fit of...
Persistent link: https://www.econbiz.de/10009291625
consumption good and while old also from sporting services and transfers made to their children. The consumption good is produced … high or low depending on whether the accountants can afford to send their children to school or not. For instance, a high …
Persistent link: https://www.econbiz.de/10005085459
This paper characterizes the dynamics of Pareto efficient income taxes in a dynamic economy with human capital accumulation. I extend the tools and insights developed by Mirrlees (1971) into a dynamic framework. I follow Diamond (1998) by assuming that there are no income effects on labor...
Persistent link: https://www.econbiz.de/10005090736
, time spent nurturing children affects utility, while time spent off the job in the past directly affects current utility …
Persistent link: https://www.econbiz.de/10005090749
Analyzing a variety of cross-national and sub-national data sources, we show that high adult mortality reduces economic growth by shortening time horizons. Higher adult mortality is associated with increased levels of risky behavior, higher fertility and lower investment in physical and human...
Persistent link: https://www.econbiz.de/10005090780
Persistent link: https://www.econbiz.de/10005090829
A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the...
Persistent link: https://www.econbiz.de/10005090875
In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...
Persistent link: https://www.econbiz.de/10005090910
. Assuming that countries differ in the degree of utility substitution between consumption and rearing children is sufficient to …
Persistent link: https://www.econbiz.de/10005048011