The Colombian pension reform of 1994 introduced a privately administered defined-contribution programme, which coexists with a reformed public defined-benefit programme. This paper gives an overview of the Colombian pension system and evaluates its performance using four criteria: (1)...

Occupational segregation by gender is prevalent and can explain some of the gender wage gap. I empirically investigate a possible explanation for this segregation: the gender difference in preferences for competition, which in recent experimental studies has been found to affect economic...

Recessions negatively impact the health of individuals experiencing hardship. In this paper, we investigate whether there are also long-term intergenerational health effects through their effects on health behavior of children born during difficult economic times. Based on a theoretical model of...

The fall of the Berlin Wall in November 1989 resulted in a severe economic downturn and a stark temporary decline in fertility in East Germany. But did it also affect the fertility of future generations? In this paper, I investigate early motherhood - a marker of lifetime disadvantage - of those...

Preparing for the end of life, especially for the prospect of needing long-term care, is an important issue facing older Americans. Those who reach age 65 have a 40% chance of going into a nursing home in their remaining lifetime, and about 10% of those who do will stay there for at least five...

Standard economic models which focus on pecuniary payo¤s cannot explain why there are highly able individuals who choose careers with low pecuniary re- turns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...

Standard economic models which focus on pecuniary payoffs cannot explain why there are highly able individuals who choose careers with low pecuniary returns. Therefore, financial incentives are unlikely to be effective in influencing career choices of these individuals. Based on Akerlof and...

Socioeconomic outcomes of parents and their children are more correlated for sons than for daughters. This paper presents empirical evidence from Denmark that these gender differences result from different transmission mechanisms by separating the effects of parental education and income.

Household heads are defined in many micro data sets and are usually male. This paper illustrates potential consequences of the common practice of using only the household head’s characteristics in empirical research.