Showing 1 - 10 of 1,432
In this paper, we argue that in designing government debt and tax-transfer policies, it is important to consider their implications for the allocation of risk between generations. There is no reason to presume that the market or the family can allocate risk efficiently to future generations,...
Persistent link: https://www.econbiz.de/10013237287
This paper examines the risk aspects of a fully phased-in investment-based defined contribution Social Security plan. Individuals save a fraction of wages in a Personal Retirement Account (PRA) invested in a 60:40 equity-debt mix and receive a similarly invested variable annuity from age 67. The...
Persistent link: https://www.econbiz.de/10013213068
Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing...
Persistent link: https://www.econbiz.de/10013080219
This paper provides a new perspective on intergenerational mobility in the United States in the late 19th and early 20th centuries. We devise an empirical strategy that allows to calculate intergenerational elasticities between fathers and children of both sexes. The key insight of our approach...
Persistent link: https://www.econbiz.de/10013086296
individuals who differ according to gender; education; race; and age. The main finding is that there are important differences …
Persistent link: https://www.econbiz.de/10013235271
analysis considers various experimental treatments and finds that the existence of gender differences depends crucially on the …
Persistent link: https://www.econbiz.de/10013137312
One explanation advanced for the persistent gender pay differences in labor markets is that women avoid salary … environments where the 'rules of wage determination' are ambiguous. This leads to the gender gap being much more pronounced in jobs …
Persistent link: https://www.econbiz.de/10013098475
Using 1994-2003 CPS data, we study gender and assimilation of Mexican Americans. Sourcecountry patterns, particularly … the more traditional gender division of labor in the family in Mexico,strongly influence the outcomes and behavior of …
Persistent link: https://www.econbiz.de/10013104997
In this paper we analyze whether the gender composition of classmates in high school affects the choice of college …-major by shifting it towards those majors preferred by the prevalent gender in the class. We use a novel dataset of 30 … exploit the fact that the gender composition of the graduating high school class, from one year to the next, within School …
Persistent link: https://www.econbiz.de/10013087876
favoritism nor discrimination by gender, findings that are robust to a wide variety of potential concerns. We observe … heterogeneity in both discrimination and favoritism by nationality and by gender in the distributions of graders' preferences. We …
Persistent link: https://www.econbiz.de/10013075500