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This paper proposes two alternative models of intergenerational transfers linking parental investment in human capital of children to old-age support. The first model formulates these transfers as a pure loan contract and the second model as self-enforcing reciprocity. Both models predict...
Persistent link: https://www.econbiz.de/10014123032
This paper examines the impacts of international remittances on child human capital investments of households by presenting evidence from Turkey. Remittances by alleviating resource constraints may allow higher consumption and productive investments for the household. On the other hand,...
Persistent link: https://www.econbiz.de/10013294059
This working paper presents the results of a survey of 330 schoolchildren from three primary schools in small rural towns in North-Rhine Westfalia and Lower Saxony. The questions dealt with pocket money and savings behaviour and the data related to two main issues. Firstly, a measure was made to...
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This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...
Persistent link: https://www.econbiz.de/10009625571
The United States has a long history of promoting homeownership through the mortgage interest tax deduction, and home equity constitutes an important source of borrowing collateral. There is a sizable body of work studying how fluctuating house prices impact consumer behavior. Since college...
Persistent link: https://www.econbiz.de/10010475603
The impact of school resources on the quality of education in developing countries may depend crucially on whether resources are targeted efficiently. In this paper we use a randomized experiment to analyze the impact of a school grants program in Senegal, which decentralized a portion of the...
Persistent link: https://www.econbiz.de/10010499532