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Saint-Paul, Gilles - 2000

workers have a top ability if fertility is uncorrelated with ability and if the distribution of ability among sexually … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …

Persistent link: https://www.econbiz.de/10010262438

Global aging and fiscal policy with international labor mobility: a political economy perspective

Tosun, Mehmet Serkan - 2009

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Persistent link: https://www.econbiz.de/10010269040

On the origin of the family

Francesconi, Marco; Ghiglino, Christian; Perry, Motty - 2009

This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...

Persistent link: https://www.econbiz.de/10010269437

Genes, legitimacy and hypergamy: another look at the economics of marriage

Saint-Paul, Gilles - 2009

In order to credibly sell legitimate children to their spouse, women must forego more attractive mating opportunities. This paper derives the implications of this observation for the pattern of matching in marriage markets, the dynamics of human capital accumulation, and the evolution of the...

Persistent link: https://www.econbiz.de/10010271277

Fertility, Female Labor Supply and Public Policy

Apps, Patricia; Rees, Ray - 2001

female labor supply and fertility. However, particularly in the last decade or so, the relationship across countries has been … positive: for example countries like Germany, Italy and Spain with the lowest fertility rates also have the lowest female … female labor supply and higher fertility. These results are strengthened when we take account of the heterogeneity among …

Persistent link: https://www.econbiz.de/10010262610

Diverging Patterns of Education Premium and School Attendance in France and the US: A Walrasian View

de la Croix, David; Docquier, Frédéric - 2003

We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping generations of individuals, and endogenous education...

Persistent link: https://www.econbiz.de/10010261573

Risky human capital investment, income distribution, and macroeconomic dynamics

Grossmann, Volker - 2003

This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It demonstrates how the role of the personal income...

Persistent link: https://www.econbiz.de/10010261651

A Search Model of Marriage with Differential Fecundity

Giolito, Eugenio P. - 2004

It is commonly observed that over time and across societies, women tend to marry older men. The traditional explanation for this phenomenon is that wages increase with age and hence older men are more attractive in the marriage market. This explanation, however, involves an implicit assumption...

Persistent link: https://www.econbiz.de/10010261842

Unions, Firing Costs and Unemployment

Modesto, Leonor - 2004

In this paper we conduct an analysis of the effects of firing costs in models that consider simultaneously worker heterogeneity, imperfect information on their productivity and union power. We consider an OLG model where heterogeneous workers participate in the labour market both when young and...

Persistent link: https://www.econbiz.de/10010261905

Fostering Within-Family Human Capital Investment: An Intragenerational Insurance Perspective of Social Security

Kaul, Ashok; Hagedorn, Marcus; Barbie, Martin - 2002

We develop a general equilibrium stochastic OLG model with heterogenous households. Households differ with respect to their productivity. Productivity depends stochastically on parents' unobservable investment in their child's human capital and an aggregate productivity shock. We introduce a...

Persistent link: https://www.econbiz.de/10010262139