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The question that this paper addresses is whether or not parents are altruistic towards their children. A new approach will be introduced, where the life satisfaction data of parents will be regressed onto the living conditions of their children who now live independently. After controlling for...
Persistent link: https://www.econbiz.de/10010261955
earnings reinforce each other over time. Unmarried men who appear unable to support a family because of low current earnings …
Persistent link: https://www.econbiz.de/10010267655
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...
Persistent link: https://www.econbiz.de/10010280664
Why are there such large differences in living arrangements across Western European countries? Conventional economic analyses have not been successful in explaining differences in living arrangements and particularly the dramatic increase in the fraction of young adults living with their parents...
Persistent link: https://www.econbiz.de/10010267568
This article proposes a simultaneous probit equation framework to analyse the business ownership patterns of married couples in the United States. A structural model of knowledge spillovers within couples is formulated and estimated. Empirical analysis reveals significant and substantial...
Persistent link: https://www.econbiz.de/10010267672
This paper examines the family variables that affect intergenerational living arrangements and adult children's time … and cash transfers to their unpartnered disabled elderly parents. The family variables we examine include parental marital … changes are weakening the traditional role of the family as a support network. Because more recent cohorts of elderly persons …
Persistent link: https://www.econbiz.de/10010269125
This paper develops a theoretical model of optimal schooling levels where ability and family background are the central …
Persistent link: https://www.econbiz.de/10010267313
the family tree structure of the PSID to examine two claims found in the literature: whether being early in the birth … family fixed effects estimations, we find that being first-born confers a significant educational advantage that persists …
Persistent link: https://www.econbiz.de/10010267508
family earnings, on the other hand, leads to estimates of intergenerational mobility in the Nordic countries which exceed …
Persistent link: https://www.econbiz.de/10010268289
The twenty-fifth anniversary of the publication of Gary Becker's path-breaking Treatise on the Family provides an … occasion to reexamine both the American family and family economics. We begin by discussing how families have changed in recent … been family functions and home production by government programs and market transactions. After discussing recent work in …
Persistent link: https://www.econbiz.de/10010268298