This paper examines whether policymakers, economists at the Israeli Finance Ministry, act in their personal pension decisions in accordance with the rational behaviour assumptions underlying the pension policies they advance. We find that while economists' decisions regarding three other...

Using a sample of OECD countries, this paper finds that while fiscal rules succeeded in reducing total government expenditures and budget deficits in the medium term, they significantly affected the composition of government expenditure: the ratio of social transfers to government consumption...

The model presented in the paper generates important implications concerning how the allocation of resources between children varies across income groups. In the model, poor and middle-income families tend to channel their resources into a few children whereas rich families (and perhaps very...

In this paper, social mobility is measured by looking at the extent to which family background determines socioeconomic success. Roughly speaking, social mobility can be measure by means of two distinct types of correlations: intergenerational correlations and sibling correlations.