Showing 1 - 10 of 13,031
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10010331423
This paper develops a theory in which households prepare for future education by adjusting the number of children they …
Persistent link: https://www.econbiz.de/10010332195
This paper argues that currently advanced, aging economies experienced a qualitative change in the role of public education during the process of industrialization. In the early phases of the Industrial Revolution, public education was regarded as a duty that regulated child labor and thereby...
Persistent link: https://www.econbiz.de/10010332212
I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous … transfers. For the economy at large, high-fertility unskilled immigrants and a lowfertility indigenous population result in …
Persistent link: https://www.econbiz.de/10010335967
Men's additional income from their guest-worker employment generates a pure income effect, which increases fertility …. The timing of women's higher-wage employment relative to child bearing is crucial for its effect on fertility. If women … effect, which reduces fertility. In contrast, if the time period when women work abroad does not coincide with the period …
Persistent link: https://www.econbiz.de/10010335987
multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility …
Persistent link: https://www.econbiz.de/10010336046
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into … future economic growth - when fertility is going to be below replacement level in virtually all fully developed countries …
Persistent link: https://www.econbiz.de/10010352611
to strictly exogenous. This model is applied to estimate a female participation equation with endogenous fertility and … exogenous fertility movements. The results indicate that assuming the exogeneity of fertility induces a downward bias in … absolute value in the estimated negative effect of fertility on participation, although the failure to account for unobserved …
Persistent link: https://www.econbiz.de/10011608467
of children delays the timing. The model can be used to predict upper bound fertility rates, when the expected divorce …
Persistent link: https://www.econbiz.de/10010427587
achieved through the incorporation of altruism and fertility in a “value of life” type of framework. We are able to express … intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare …
Persistent link: https://www.econbiz.de/10011807361