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Decisions concerning marriage, fertility, participation, and the education of children are explained using a two … fertility and female labour market participation, negative until the mid-1970s, has turned positive where developed, but not …
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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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