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fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that … individuals in the small open economy are unaffected by fertility fluctuations. …
Persistent link: https://www.econbiz.de/10005765837
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 …This paper analyses the effect of federalism on fertility and growth. In a model with human capital accumulation and …
Persistent link: https://www.econbiz.de/10005765978
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/10005181293
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 … fertility and female labour market participation, negative until the mid-1970s, has turned positive where developed, but not …
Persistent link: https://www.econbiz.de/10005406405
This paper examines how marital and fertility patterns have changed along racial and educational lines for men 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 …
Persistent link: https://www.econbiz.de/10008572535
The interaction between investment in children’s education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …
Persistent link: https://www.econbiz.de/10008799738
We study the relationship between education and fertility, exploiting compulsory schooling reforms in England and … Continental Europe, implemented between 1936 and 1975. We assess the causal effect of education on the number of biological … children and the incidence of childlessness. We find surprising results for Continental Europe: the additional education …
Persistent link: https://www.econbiz.de/10011075723
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
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
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