Over coming decades, changes in population age structure will have profound implications for the macroeconomy, influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend...

Process benefit scores indicates that time with own children is preferred before all other activities, closely followed by market work. The trade-off between parents time with their own kids and market work, and its dependence on out-of-home day-care is analyzed in a simultaneous equation...

We give general conditions for the data generating process to facilitate the testing of structural dependence of turnover on the average (or median) price in the homogenous housing market. Furthermore, the implications of aggregation over sub-markets is studied. A plausible explanation of the...