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Marriage and Consumption Insurance : What's Love Got to Do with it?

Hess, Gregory D. - 2021

This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e., love), and then must …

Persistent link: https://www.econbiz.de/10013320884

Demography and Innovative Entrepreneurship

Bönte, Werner - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10012775851

Efficiency in Family Bargaining : Living Arrangements and Caregiving Decisions of Adult Children and Disabled Elderly Parents

Pezzin, Liliana E. - 2007

In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...

Persistent link: https://www.econbiz.de/10012777689

Morbidity, Mortality, Health Expenditures and Annuitization

Tang, Kam Ki - 2010

In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...

Persistent link: https://www.econbiz.de/10012759851

Economic Growth and Subjective Well-Being : Reassessing the Easterlin Paradox

Stevenson, Betsey - 2011

The quot;Easterlin paradoxquot; suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear...

Persistent link: https://www.econbiz.de/10012756506

Demographic Change and Regional Labour Markets : The Case of Eastern Germany

Henschel, Beate; Pohl, Carsten; Thum, Marcel P. - 2021

Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...

Persistent link: https://www.econbiz.de/10013316521

The Political Economy of Intergenerational Cooperation

Cigno, Alessandro - 2021

The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...

Persistent link: https://www.econbiz.de/10013318048

Household Relational Contracts for Marriage, Fertility and Divorce

Fahn, Matthias - 2011

the legal costs of divorce, on the interrelationships among the decisions on marriage, fertility and divorce …

Persistent link: https://www.econbiz.de/10013117792

Anthropometry of Love - Height and Gender Asymmetries in Interethnic Marriages

Belot, Michèle - 2011

we argue that this significantly affects their marriage prospects with whites. We provide empirical support for this …

Persistent link: https://www.econbiz.de/10013134170

Will Women Save More than Men? A Theoretical Model of Savings and Marriage

Grossbard, Shoshana Amyra - 2010

This paper presents an inter-temporal model of individual behavior with uncertainty about marriage and divorce and … which accommodates the possible presence of economies or diseconomies of scale from marriage. We show that a scenario of … higher marriage rates and higher divorce rates will be associated with higher savings rates in the presence of economies of …

Persistent link: https://www.econbiz.de/10013139496