Showing 1 - 10 of 208
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/10011399259
Yes, subject to concerns about Medicare inefficiencies and potentially self-confirming skepticism. The U.S. social security system-broadly defined to include Medicare-faces significant financial problems as the result of an aging population. But demographic change is also likely to raise...
Persistent link: https://www.econbiz.de/10011511045
In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...
Persistent link: https://www.econbiz.de/10011449334
This paper explores how EU countries can address various challenges (including the aging of the population) affecting their systems of old-age income support. It presents two scenarios illustrating the most important uncertainties surrounding the major developments that affect the pension...
Persistent link: https://www.econbiz.de/10011408835
This paper studies within-family decision making regarding investment in income protection for surviving spouses. A change in US pension law (the Retirement Equity Act of 1984) is used as an instrument to derive predictions both from a simple Nash-bargaining model of the household and from the...
Persistent link: https://www.econbiz.de/10011410000
This paper examines the causal effects of a major change in the German parental leave benefits on fertility. I use the …
Persistent link: https://www.econbiz.de/10011280834
experiment (the effect of boy-boy or girl-girl as the first two children on incremental fertility and mothers’ labor force …
Persistent link: https://www.econbiz.de/10011309525
distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and …
Persistent link: https://www.econbiz.de/10010235847
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered … which a public pension system depresses fertility. Our theoretical framework highlights that the effect of a public pension … system on fertility works via the impact of contributions in such a system on disposable income as well as via the impact on …
Persistent link: https://www.econbiz.de/10009792218
What role does affordable and widely available public child care play for fertility? We exploit a major German reform … fertility. The fertility effects are more pronounced at the intensive than at the extensive margin, and are not driven by tempo … effects or selective migration. Our findings inform policy makers concerned about suboptimally low fertility by suggesting …
Persistent link: https://www.econbiz.de/10010347342