A large sample of Israelis is used to estimate models for the demand for government-sponsored training by the unemployed. The paper focuses on three decision variables: whether to train or not; the timing of training; and the duration of training. The covariates of these decisions turn out to...

Employees' occupational pension contributions do not reflect the factors that determine their actuarial cost. Men and women, old and young, contribute at the same rate even though sex and age determine the actuarial cost of a pension. Wages reflect und erlying remuneration plus the actuarial...

A quality versus quantity theory of fertility is proposed that predicts that more able parents chose to produce fewer children because they wish to invest more in their children's education. Using Mincer residuals to measure the unobserved ability of parents, data for Israel are used to show...

On the whole, union bargaining models have been constructed out of utilitarian axioms. This paper explores the implications of a more general utility function according to which individuals rejoice over successful outcomes and regret unfavorable ones. Under certain circumstances, this gives rise...