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their productivity. Productivity depends stochastically on parents' unobservable investment in their child's human capital …'s children. We decompose the effects of social security on the investment in human capital into an incentive effect, an insurance …
Persistent link: https://www.econbiz.de/10010262139
We study how fathers and mothers income satisfaction correlates with the income satisfaction of their sons and … daughters, as well as with other economic and socio-demographic variables. We estimate these correlations using data on parents … and children in households surveyed in the eight waves of the European Community Household Panel-ECHP (1994-2001) for 14 …
Persistent link: https://www.econbiz.de/10010268184
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 represents broad post-birth factors, such as childhood environment …, for the intergenerational association in education and income. We find that both pre- and post-birth factors contribute to …
Persistent link: https://www.econbiz.de/10010267473
their children's earnings in 1999-2001. Using displacement of fathers to indicate an exogenous earnings shock we seek to … identify whether family resources have a direct effect on children's economic outcome. As in previous Scandinavian studies, we …
Persistent link: https://www.econbiz.de/10010268413
then use our model to consider the long-term lifecycle effects of two reforms: One is the introduction of an Earned Income …
Persistent link: https://www.econbiz.de/10010268053
We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...
Persistent link: https://www.econbiz.de/10010262415
Societies socialize children about many things, including sex. Socialization is costly. It uses scarce resources, such … as time and effort. Parents weigh the marginal gains from socialization against its costs. Those at the lower end of the …, leading to a de-stigmatization of sex. As contraception has become more effective there is less need for parents, churches and …
Persistent link: https://www.econbiz.de/10010269515
-friendly occupations. We estimate a dynamic life-cycle model of fertility, occupational choice, and labor supply using detailed survey and …-female wage gap as it evolves from labor market entry onward and the effect of pro-fertility policies. We show that a substantial … portion of the gender wage gap is explainable by realized and expected fertility and that the long-run effect of policies …
Persistent link: https://www.econbiz.de/10010282438
produced children is the same as among their parents. In such a society, cloning has disappeared. If the distribution of genes … a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only … people with the highest ability are cloned, while people at the bottom of the distribution of income specialize in surrogacy …
Persistent link: https://www.econbiz.de/10010262438
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