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Boldrin and Jones' framework parents procreate because the children care about their old parents' utility, and thus provide … Becker model parents have children because they perceive their children's lives as a continuation of their own. In the … fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one …
Persistent link: https://www.econbiz.de/10013223341
two births in families with at least two children, to estimate the effect of additional children on parents' labor supply … differences in the ages of children whose birth was caused by the instruments. The estimates imply that the labor supply …
Persistent link: https://www.econbiz.de/10013233021
There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than … generate incentives for individuals to reduce not just the fertility rate within families, but also the incentive to form … fertility rates. Our results show that the impact of social security on these variables has been non-trivial. Our calibrated …
Persistent link: https://www.econbiz.de/10012760413
the downward trends in family formation and fertility worldwide, and for a slowdown in the rates of savings and economic …
Persistent link: https://www.econbiz.de/10013227017
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
This paper studies the macroeconomic and efficiency effects of privatizing social security. It does so by simulating alternative privatization schemes using the Auerbach-Kotlikoff Dynamic Life-Cycle Model. The simulations indicate three things. First, privatizing social security can generate...
Persistent link: https://www.econbiz.de/10013324137
household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with …-family relations and focus on households as collections of roommates. The model's mechanism is that rising income leads to a falling …
Persistent link: https://www.econbiz.de/10013155024
parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend …This paper examines the influence of parental wealth and income on children's college attendance and parental financing … of housing debt that parents hold but does not reduce student debt for children …
Persistent link: https://www.econbiz.de/10012909521
There are many possible pathways between parental education, income, and health, and between child health and education … status (as measured by education, income, occupation, or in some cases area of residence) and child health, and between child … health and adult education or income. Specifically, I ask two questions: What is the evidence regarding whether parental …
Persistent link: https://www.econbiz.de/10012759322