We examine the effects of differences in social capital on first and second best transfers to families with children … born, are random variables. The probability that a couple has children is conditional on the level of reproductive activity … includes two transfers, one conditional on number of births, the other on the children's earning ability. …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …, and (iv) length and effective enforcement of compulsory education. The predictions are consistent with two empirical … children equally between them, while the predominant pattern in developing countries is for the father to specialize in market …

endogenous fertility, two regimes of education finance are compared: central and local education. Using numerical simulation, I … find that local education finance yields higher growth at the price of increased inequality. Aggregate fertility may be … families have fewer children than poor ones (when the elasticity of substitution between children and consumption is large …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

performance in pre-university education. Employing data from central exit exams, a positive link between competition intensity and …

women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap … degree relative to women with fewer years of education. However, the patterns of, and reasons for, marriage have changed …. College educated women marry later, have fewer children, are less likely to view marriage as financial security, are happier …