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Education Maintenance Allowance (EMA) was a UK government cash transfer paid directly to children aged 16-18, in the first two years of post-compulsory full-time education. This paper uses the labour supply effect of EMA to infer the magnitude of the transfer response made by the parent, and so...
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Education Maintenance Allowance (EMA) was a UK government cash transfer paid directly to children aged 16-18 in post-compulsory full-time education. Using data from the Longitudinal Study of Young People in England, we find an EMA payment of £30 per week reduces teenagers' labour supply by 3...
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The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used …
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that, with uncertain future income, altruism per se can induce time consistent, however, not necessarily ex ante efficient …
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