The post-war growth experiences of developing countries lead to the idea that income equality may accelerate economic growth. In this paper, a theoretical model showed the possibility that equality makes a country human-capital abundant, which enables industrialization and higher economic...

Implicit pension debt involved in existing pay-as-you-go public pension schemes is nowadays seen as an important determinant of the long-term sustainability of general government finances. Explicit up-dated calculations regarding its size are however largely lacking. The present paper takes up...

This paper examines the short-term and long-term effects of maternal employment on adolescent children’s outcomes, namely, on behavior and grades at school and on total years of education. Because a mother’s decision to work depends heavily on her husband’s socioeconomic characteristics in...