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predicts lower future pensions to reduce fertility, while the 'old-age security' to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with 'old-age security' even for contemporary fertility. …
Persistent link: https://www.econbiz.de/10005792505
This paper studies asymmetry of information and transfers within a unique data set of 712 extended family networks from … migrants regarding non-migrants. We develop a static model of asymmetric information that contrasts altruism, pressure and …
Persistent link: https://www.econbiz.de/10011084616
capture her direct family experience. We find that both variables are significant determinants of fertility, even after …This paper attempts to disentangle the direct effects of experience from those of culture in determining fertility. We … use the GSS to examine the fertility of women born in the US but from different ethnic backgrounds. We take lagged values …
Persistent link: https://www.econbiz.de/10005498034
fertility behaviour of women 30-40 years old, born in the US, but whose parents were born elsewhere. We use past female labour … force participation and total fertility rates from the country of ancestry as our cultural proxies. These variables should … explanatory power for individual work and fertility outcomes, even after controlling for possible indirect effects of culture (e …
Persistent link: https://www.econbiz.de/10005114141
This paper studies international equity markets when some investors have private information that is valuable for trading in many countries simultaneously. We use a dynamic model of equity trading to show that 'global' private information helps understand US investors’ trading behaviour and...
Persistent link: https://www.econbiz.de/10005667137
In this Paper, we study the role of subsidies to fertility in ensuring the political viability of unfunded social … older generations, and in turn choose current levels of fertility subsidies, and future levels of social security benefits … and family support systems during the demographic transition. Our results indicate that the seemingly explosive evolution …
Persistent link: https://www.econbiz.de/10005123867
variables. We find that the probability that the wife is in charge is affected by household characteristics such as family size …'s characteristics in terms of age, education, and income. The main conclusion is that decision-making power over family economics is not …
Persistent link: https://www.econbiz.de/10011084102
Recent theoretical contributions depart from the usual practice of treating individual attitude endowments as a black box, by assuming that these are shaped by the attitudes of parents and other role models. Attitudes include fundamental preferences such as risk preference, and crucial beliefs...
Persistent link: https://www.econbiz.de/10005124463
market work, social welfare improves by taxing conditional on gender. When income sharing within the family is substantial …
Persistent link: https://www.econbiz.de/10005661963
The informativeness principle demonstrates qualitative benefits to increasing signal precision. However, it is difficult to quantify these benefits -- and compare them against the costs of precision -- since we typically cannot solve for the optimal contract and analyze how it changes with...
Persistent link: https://www.econbiz.de/10011083624