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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
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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
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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
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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
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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
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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 idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a "hedge" (i.e., a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10013320884
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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
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Does Parental Education Affect Fertility? Evidence from Pre-Demographic Transition Prussia
Becker, Sascha O.; Cinnirella, Francesco; Woessmann, Ludger - CESifo - 2011
factors underlying historical fertility limitation, the role of parental education has received little attention. We combine … their fertility before the demographic transition. Despite controlling for several demand and supply factors, we find a … negative residual effect of women's education on fertility. Instrumental-variable estimates, using exogenous variation in women …
Persistent link: https://www.econbiz.de/10009020793
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Guest-Worker Migration, Human Capital and Fertility
Azarnert, Leonid V. - CESifo - 2011
This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...
Persistent link: https://www.econbiz.de/10009020797
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Childcare Costs and the Demand for Children - Evidence from a Nationwide Reform
Mörk, Eva; Sjögren, Anna; Svaleryd, Helena - CESifo - 2010
causal effect of childcare costs on fertility in a context in which childcare enrollment is almost universal, user fees are …
Persistent link: https://www.econbiz.de/10008671728