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Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003936144
among the decisions on marriage, fertility and divorce. …
Persistent link: https://www.econbiz.de/10010363961
We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also leaves the labor market for a while. The daddy months...
Persistent link: https://www.econbiz.de/10010422205
The economic theory of fertility choice builds predominantly on the unitary model of the household, in which there is a … bear on fertility choice, and we point out promising future directions for this line of research. …
Persistent link: https://www.econbiz.de/10010458481
more home production. As a result, the cost of raising children increases and fertility declines. Assuming a loss of … utility from children in the case of divorce, lower fertility increases the probability of divorce. Using Spanish data and RDD … introduced in 2007 resulted in a reduction in fertility by up to 60%, an increase in the probability to divorce by 37%, and an …
Persistent link: https://www.econbiz.de/10012669786
In this survey, we argue that the economic analysis of fertility has entered a new era. First-generation models of … fertility choice were designed to account for two empirical regularities that, in the past, held both across countries and … across families in a given country: a negative relationship between income and fertility, and another negative relationship …
Persistent link: https://www.econbiz.de/10013184241
) on fertility among reproductive-age women. We find that IU reduces the number of children born, with more pronounced … effects among those with a moderate level of education, those aged 16-19, rural residents, and those who are married. These … gender roles, a reduction in the importance placed on ancestral lines, deteriorated health and reduced fertility preferences. …
Persistent link: https://www.econbiz.de/10013470610
and a fixed effect two-stage least squares model, this study exploits variations in fertility and in human capital … progress increased the demand for human capital, leading to an increase in the level of education and, in turn, to a …
Persistent link: https://www.econbiz.de/10010436205
In many parts of the world, soils poor in nutrients are farmed with little addition of fertilizer, further depleting the farmland. The very same farmers often face poor sanitary solutions. So-called ecological sanitation aims at providing sanitation and at recycling nutrients as fertilizer. This...
Persistent link: https://www.econbiz.de/10009688537
This paper investigates the preference of parents for inter-child allocation of education investment in Ethiopia. It … mainly focuses on the roles played by non-price factors of investment in child education. The study uses unique survey and … perceptions about the capability of children, and aspirations for child education are important drivers of intra …
Persistent link: https://www.econbiz.de/10014237338