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We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...
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fertility of third and subsequent births. As of April 2017, all third and subsequent born children to low-income families in the …-order fertility among lowincome families. However, compared to earlier research in the UK and elsewhere, largely based on benefit … low income families. Our results imply that the main impact of cuts to child benefits is not to reduce fertility but to …
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A large number of pairs of countries exhibit a dynamic pattern in which: (i) Fertility in both countries declines … across time; (ii) Initially one country has higher fertility and lower per-capita income compared to the other; (iii) In time …, as per-capita income converges, fertility rates in the poorer country become lower than in the richer one.This paper …
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intergenerational mobility? We study these questions with particular interest in the impact of two family choices: fertility and … transfers. Fertility rates, which are higher for low-income than high-income families, are associated with differences in the … level of resources available for children's education. To evaluate the quantitative importance of fertility and family …
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In this article, I analyze many of the differences between testate and intestate decedents and suggest areas of concern for law- and policy-makers, as well as practicing lawyers and financial planners. Identifying the right demographic at risk for wealth deterioration may allow for interventions...
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