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This paper examines the implications of intergenerational transfers of time and money for labor supply and capital … accumulation. Although intergenerational transfers of time in the form of grandparenting are as substantial as monetary transfers … in the data, little is known about the role and importance of time transfers. In this paper, we calibrate an overlapping …
Persistent link: https://www.econbiz.de/10005353241
Since the seminal work of Becker, the dynamics of endogenous fertility has been based on the trade-off faced by parents between the quantity and the quality of their children. However, in developing countries, when child labor is an indispensable source of household income, parents actually...
Persistent link: https://www.econbiz.de/10011384187
In the last three decades over a million abortions were performed annually in the United States. Recent empirical studies assess the impact of legalization of abortions on living conditions of children and argue that legalization of abortions provides better living conditions and human capital...
Persistent link: https://www.econbiz.de/10010593170
Marriage has declined since 1960, with the drop being bigger for non-college educated individuals versus college educated ones. Divorce has increased, more so for the non-college educated. Additionally, positive assortative mating has risen. Income inequality among households has also widened. A...
Persistent link: https://www.econbiz.de/10011171723
Marriage has declined since 1960, with the drop being bigger for non-college educated individuals versus college educated ones. Divorce has increased, more so for the non-college educated vis-à-vis the college educated. Additionally, assortative mating has risen; i.e., people are more likely to...
Persistent link: https://www.econbiz.de/10011070868
How much of income inequality is due to initial opportunities relative to adult income risk? What factors determine intergenerational mobility? We study these questions with particular interest in the impact of two family choices: fertility and transfers. Fertility rates, which are higher for...
Persistent link: https://www.econbiz.de/10013002780
Poor families have more children and transfer less resources to them. This suggests that family decisions about fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend the standard heterogeneous agent life cycle model with...
Persistent link: https://www.econbiz.de/10011911515
characteristics are often measured at a single point in time. Whether such cross-sectional measures serve as reliable proxies for … children's long-run neighborhood conditions depends on the stability in children's neighborhood experiences over time. We …. Children's neighborhood characteristics were found to be more stable over time with regard to ethnic composition than with …
Persistent link: https://www.econbiz.de/10011641490
Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary theory, and the theory of age structured life cycles in economic equilibrium and growth. The work is highly abstract but much of it was intended to illuminate issues of...
Persistent link: https://www.econbiz.de/10012027303
We study the role of health care within a continuous time economy of overlapping generations subject to endogenous …
Persistent link: https://www.econbiz.de/10011437147