Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...

Decisions concerning marriage, fertility, participation, and the education of children are explained using a two-stage game-theoretical model. The paper examines the effects of (i) family law (cost of obtaining a divorce, alimony, availability of quasi-marriages such as PACS in France, and civil...

How does the distribution of individual preferences evolve as a result of marriage between individuals with different preferences? Could a family rule be self-enforcing given individual preferences, and remain such for several generations despite preference evolution? We show that it is in a...

How does the distribution of individual preferences evolve as a result of marriage between individuals with different preferences? Could a family rule be self-enforcing given individual preferences, and remain such for several generations despite preference evolution? We show that it is in a...

Decisions concerning marriage, fertility, participation, and the education of children are explained using a two-stage game-theoretical model. The paper examines the effects of (i) family law (cost of obtaining a divorce, alimony, availability of quasi-marriages such as PACS in France, and civil...

We show that the descendants of ancient farmers may have an interest in marrying among themselves, and thus maintaining the gendered division of labour, originally justified on comparative-advantage grounds by the advent of the plough, even after they emigrate to a modern industrial economy...

The literature on China indicates that the concentration of economic activities in China is less than in other industrialized countries. Institutional limits are largely held responsible for this finding (e.g. the Hukou system); firms and workers are not able to take full advantage of the...

Using panel data for 78 countries of origin we examine the impact of student flows to the United States on subsequent migration there over the period 1971-2001. What we find is that the stock of foreign students is an important predictor of subsequent migration. This holds true whether or not...

We show that the descendants of ancient farmers may have an interest in marrying among themselves, and thus maintaining the gendered division of labour, originally justified on comparative-advantage grounds by the advent of the plough, even after they emigrate to a modern industrial economy...

The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...