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For better or for worse? : state-level marital formation and risk sharing
Chami, Ralph; Hess, Gregory D. - 2002
marriage as well as for a precautionary savings motive. …
Persistent link: https://www.econbiz.de/10011409730
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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
Persistent link: https://www.econbiz.de/10003833327
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Marriage and consumption insurance : what s love got to do with it?
Hess, Gregory D. - 2001
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/10011399259
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Human capital, social mobility and the skill premium
Angelopoulos, Konstantinos; Malley, James R.; … - 2013
This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model captures the empirical co-movement of the skill...
Persistent link: https://www.econbiz.de/10009792199
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Collective choice and individual action : education policy and social mobility in England
Jennings, Colin C. - 2015
It is recognised that expressive preferences may play a major role in determining voting decisions because the low probability of being decisive in elections undermines standard instrumental reasoning. Expressive and instrumental preferences may deviate and in electoral settings it is more...
Persistent link: https://www.econbiz.de/10010471851
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Risk-aversion and social mobility : the impossibility of order-preserving income redistributions
Danziger, Leif; Ursprung, Heinrich W. - 2000
The traditional criticism notwithstanding, we show that social mobility can, in principle, explain political income redistributions. Nonetheless, the social-mobility argument for redistribution is not satisfactory, as actual transition probabilities are not consistent with order-preserving...
Persistent link: https://www.econbiz.de/10009781598
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Immobile Australia : surnames show strong status persistence, 1870-2017
Clark, Gregory; Leigh, Andrew; Pottenger, Mike - 2017
The paper paper estimates long run social mobility in Australia 1870-2017 tracking the status of rare surnames. The status information includes occupations from electoral rolls, and records of degrees awarded by Melbourne and Sydney universities. Status persistence was strong throughout, with an...
Persistent link: https://www.econbiz.de/10011721622
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(In-)equality of opportunity, fairness, and distributional preferences
Fehr, Dietmar; Müller, Daniel; Preuß, Marcel - 2022
This paper examines how perceived importance of family background affect distributional pref-erences using two large-scale survey experiments. In the first experiment, we randomly inform respondents about the relationship between parental income and economic success later in life, which renders...
Persistent link: https://www.econbiz.de/10013411680
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Equilibrium search and the impact of equal opportunities for women
Coles, Melvyn Glyn; Francesconi, Marco - 2013
This paper develops a new equilibrium model of two-sided search where agents have multiple attributes and general payoff functions. The model can be applied to several substantive issues. Here we use it to provide a novel understanding of the separate effects of equal opportunities for women in...
Persistent link: https://www.econbiz.de/10010227223
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Self-enforcing family rules, marriage and the (non)neutrality of public intervention
Cigno, Alessandro; Komura, Mizuki; Luporini, Annalisa - 2016
We demonstrate that the notion of a "family constitution" (self-enforcing, renegotiation-proof family norm) requiring adults to provide attention for elderly parents carries over from a world where sexually indifferentiated individuals reproduce by cell separation, to one where individuals...
Persistent link: https://www.econbiz.de/10011488072