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Marriage and Divorce: Changes and their Driving Forces

Stevenson, Betsey; Wolfers, Justin - National Bureau of Economic Research (NBER) - 2007

We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across demographic groups and countries. While divorce rates have risen over the past 150 years, they have been falling for the past quarter century. Marriage rates have also been falling,...

Persistent link: https://www.econbiz.de/10005085292

Economies of Scale in the Household: Puzzles and Patterns from the American Past

Logan, Trevon D. - National Bureau of Economic Research (NBER) - 2008

Household economies of scale arise when households with multiple members share public goods, making larger households better off at lower per capita expenditures. While estimates of household economies of scale are critical for measuring income and living standards, we do not know how these...

Persistent link: https://www.econbiz.de/10005829671

Women's Empowerment and Economic Development

Duflo, Esther - National Bureau of Economic Research (NBER) - 2011

Women's empowerment and economic development are closely related: in one direction, development alone can play a major role in driving down inequality between men and women; in the other direction, empowering women may benefit development. Does this imply that pushing just one of these two...

Persistent link: https://www.econbiz.de/10009403418

Poverty and Self-Control

Bernheim, B. Douglas; Ray, Debraj; Yeltekin, Sevin - National Bureau of Economic Research (NBER) - 2013

The absence of self-control is often viewed as an important correlate of persistent poverty. Using a standard … poverty damages the ability to exercise self-control. Our theory invokes George Ainslie's notion of "personal rules … assets above which personal rules support unbounded accumulation, and a second threshold below which there is a "poverty trap …

Persistent link: https://www.econbiz.de/10010951196

International Migration, Remittances, and Household Investment: Evidence from Philippine Migrants' Exchange Rate Shocks

Yang, Dean - National Bureau of Economic Research (NBER) - 2006

Millions of households in developing countries receive financial support from family members working overseas. How do migrant earnings affect origin-household investments? This paper examines Philippine households%u2019 responses to overseas members%u2019 economic shocks. Overseas Filipinos work...

Persistent link: https://www.econbiz.de/10005829433

Grandpa and the Snapper: the Wellbeing of the Elderly who Live with Children

Deaton, Angus; Stone, Arthur A. - National Bureau of Economic Research (NBER) - 2013

Elderly Americans who live with people under age 18 have lower life evaluations than those who do not. They also experience worse emotional outcomes, including less happiness and enjoyment, and more stress, worry, and anger. In part, these negative outcomes come from selection into living with a...

Persistent link: https://www.econbiz.de/10010969330

Does the Gender of Offspring Affect Parental Political Orientation?

Lee, Byungkyu; Conley, Dalton - National Bureau of Economic Research (NBER) - 2014

Recently, the sex of child has been widely used as a natural experiment and shown to induce change of the allegedly stable political predisposition, however, prior results have been contradictory: in the U.K., researchers found that having daughters leads to parents favoring left-wing political...

Persistent link: https://www.econbiz.de/10010887114

Time Varying Risk Aversion

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - National Bureau of Economic Research (NBER) - 2013

We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially after the crisis. After considering standard...

Persistent link: https://www.econbiz.de/10010950696

Optimal Life Cycle Portfolio Choice with Variable Annuities Offering Liquidity and Investment Downside Protection

Mitchell, Olivia; Horneff, Vanya; Maurer, Raimond; … - National Bureau of Economic Research (NBER) - 2013

We evaluate lifecycle consumption and portfolio allocation patterns resulting from access to Guaranteed Minimum Withdrawal Benefit (GMWB) variable annuities, one of the most rapidly-growing financial innovations over the last two decades. A key feature of these products is that they offer access...

Persistent link: https://www.econbiz.de/10010950840

Trickle-Down Consumption

Bertrand, Marianne; Morse, Adair - National Bureau of Economic Research (NBER) - 2013

Have rising income and consumption at the top of income distribution since the early 1980s induced households in the lower tiers of the distribution to consume a larger share of their income? Using state-year variation in income level and consumption in the top first quintile or decile of the...

Persistent link: https://www.econbiz.de/10010950961

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