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Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers? credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10010262807
Women can bear own children or adopt them. Extending economic theories of fertility, we provide a first theoretical …
Persistent link: https://www.econbiz.de/10010283945
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married couples account for a higher share of the population are less exposed to state-specific output shocks. Thus, marriages do not just improve the allocation of risk at the...
Persistent link: https://www.econbiz.de/10010269010
Since the 1970s almost all states have introduced a form of joint custody after divorce. We analyze the causal effect of these custody law reforms on the incidence of marriage and divorce. Our identification strategy exploits the different timing of reforms across states and the control group of...
Persistent link: https://www.econbiz.de/10010269511
Societies socialize children about many things, including sex. Socialization is costly. It uses scarce resources, such …
Persistent link: https://www.econbiz.de/10010269515
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10010262519
We use unique Swedish data to estimate intergenerational associations between adoptees and their biological and adoptive parents. We argue that the impact from biological parents captures broad pre-birth factors, including genes and prenatal environment, and the impact from adoptive parents...
Persistent link: https://www.econbiz.de/10010267473
Children adopted from abroad are an immigrant group about which little is known. According to the U.S. Census more than … one and a half million children living in the U.S. are adopted, with fifteen percent of them born abroad. In fact more … mostly white, wealthy, and well educated (Kossoudji, 2008). What are the characteristics of children who are adopted from …
Persistent link: https://www.econbiz.de/10010269474
We model the bargaining process of parents over custody at the time of divorce. First we assume an institutional setting where only sole custody is available. In a second step we reform this institutional setting and introduce the possibility of joint custody. We show that some parents, who...
Persistent link: https://www.econbiz.de/10010267799
The paper considers child poverty in rich English-speaking countries – the US, Canada, Australia, New Zealand, the UK, and Ireland. Do all these countries really stand out from other OECD countries for their levels of child poverty, as is sometimes assumed? And what policies have they adopted...
Persistent link: https://www.econbiz.de/10010261869