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We examine how the legal protection of outside shareholders and the appropriative costs that they induce influence the incentives for private firms to go public. A higher degree of protection of shareholders can increase the appropriative costs associated with the conflict between managers and...
Persistent link: https://www.econbiz.de/10011507775
We study the effect of institutional childcare on child penalties. Using Swiss administrative data, we exploit the staggered opening of childcare facilities across municipalities in the canton of Bern. We find that the presence of childcare facilities in the year of birth of the first child...
Persistent link: https://www.econbiz.de/10012387655
We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...
Persistent link: https://www.econbiz.de/10013168051
neglected area in historical stature studies is the relationship between stature and family size, and statures are documented … here to be positively related with family size. The relationship between material inequality and heath is the subject of …-spatial relationship between the environment and stature. -- family economics ; stature ; wealth ; inequality ; insolation ; vitamin D …
Persistent link: https://www.econbiz.de/10003951557
Models that allow for non-cooperative as well as cooperative behavior of families are estimated on data from Norway in 1993 and 1994. The husband is eligible for early retirement while the wife is not. The models aim at explaining labor supply behavior of married couples the first twelve months...
Persistent link: https://www.econbiz.de/10011398790
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...
Persistent link: https://www.econbiz.de/10010370317
We demonstrate that the notion of a "family constitution" (self-enforcing, renegotiation-proof family norm) requiring … family constitutions. …
Persistent link: https://www.econbiz.de/10011488072
We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using the 1972 UK Raising of the School-Leaving Age (RoSLA) legislation as a natural experiment that induced a sudden, large shift in the distribution of academic qualifications in...
Persistent link: https://www.econbiz.de/10011990019
The formation of economic preferences in childhood and adolescence has long-term consequences for life-time outcomes. We study in an experiment with 525 teenagers how both birth order and siblings' sex composition affect risk, time and social preferences. We find that second born children are...
Persistent link: https://www.econbiz.de/10011933853
parents inside the family. We use data from the World Value Survey to construct a country-specific measure of the value …
Persistent link: https://www.econbiz.de/10014543831