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This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel approach enables us to investigate the interaction between health and retirement policy in order to quantitatively characterize the optimal joint design of the social insurance...
Persistent link: https://www.econbiz.de/10013009885
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children’s education. This result holds …
Persistent link: https://www.econbiz.de/10005766188
be led back to the intrinsic motivation of Protestants to read the bible and whether other education motives were … hypothesis. However, Protestants’ education motives went beyond reading the bible. …
Persistent link: https://www.econbiz.de/10008833934