This paper studies how the risk of divorce affects the human capital decisions of a young couple. We consider a setting … where complete specialization (one of the spouses uses up all the education resources) is optimal with no divorce risk …. Symmetry in education (both spouses receive an equal amount of education) then acts like an insurance device in case of divorce …

This paper explores inequalities in IQ and economic preferences between children from high and low socio …-economic status (SES) families. We document that children from high SES families are more intelligent, patient and altruistic, as well …

In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a … displacement reduces average fertility by 5 to 10% in both the short and medium term (3 and 6 years) and that these effects are … reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …

that a public policy that disregards the effects of parental time on children's human capital entails a welfare loss that …

in the usual way, and an unconventional one allowing them to qualify for a pension by having children, and investing time …

alone entails a higher fertility rate and a lower ratio of high- to low-ability children, as compared to using education …This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as … earners and low earners with the proportion of types being determined endogenously. The number of children is …

This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and … 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 …

the household is located in a former West or East German federal state. Married couples and couples with children are … closer to the acceptance of the hypothesis than unmarried couples without children. …