We study the Becker and Lewis (1973) quality model of children adding an explicit child care time constraint for parents. They can purchase day car e or take care of the children themselves. Our results are: (i) If there is a combination of purchased and own care, the effect of income on...

Fvlster and Henrekson (1998) claim that they, by addressing a number of econometric problems, can establish that it is likely that economies with a large public sector grow more slowly than economies with a small public sector. But their regressions are fundamentally flawed. Re-estimating their...

The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...

Many comparisons of the performance of public and private producers use a public/private ownership dummy varaible to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...