This paper provides a closed-form density approximation when the underlying state variable is a one-dimensional diffusion. Building on Ait-Sahalia (2002), we show that our refinement is applicable under a wide class of drift and diffusion functions. In addition, it facilitates the maximum...

Home-ownership is the most important asset among the elderly in Europe, but in this domain very little is known about gender differences. This paper aims at exploring the link between gender, living arrangements, monetary poverty and home tenure among older Europeans, in order to identify the...

The Current Population Survey is used to investigate effects of Common Law Marriage (CLM) on whether young US-born adults live in couples in the U.S. CLM effects are identified through cross-state and time variation, as some states abolished CLM over the period examined. Analysis based on Gary...

Some of the important implications of the parental investment model of intergenerational mobility have been derived under the assumption that parental income is the only source of heterogeneity.

Using data from the first two Waves of the Health and Retirement Survey (HRS), this research examines the relationship between migration, family change, and work status change in later mid-life. The results suggest that both family and work status change have significant effects on mobility in...

In this paper we evaluate whether there are differences in adult and child outcomes between cohabiting and married households, once differences in observed characteristics are controlled for and possible endogeneity biases due to selection issues are taken into account by using an instrumental...

This paper examines whether parental marriage confers educational advantages to children relative to cohabitation. We exploit a dramatic marriage boom in Sweden in late 1989 created by a reform of the Widow’s Pension System that raised the attractiveness of marriage compared to cohabitation to...

This paper presents preliminary results of statistical analysis of the Tansŏng County household registers for 1678. We focus on identifying the social class of county residents and on identifying marriages. We use a multivariate LOGIT model to estimate probabilities of marriage, both within and...

In this paper, we examine the pure exchange motive for intergenerational transfers within the family. We consider a model where a selfish parent offers a financial transfer in exchange for the services of the child. Using a Stackelberg game, we study the optimal attention-money contract between...

This paper examines whether parental marriage confers educational advantages to children relative to cohabitation. We exploit a dramatic marriage boom in Sweden in late 1989 created by a reform of the Widow’s Pension System that raised the attractiveness of marriage compared to cohabitation to...