Given that the COVID-19 pandemic has taken a higher toll on communities of color, and previous JPMorgan Chase Institute research has demonstrated racial gaps in financial outcomes (Farrell et al. 2020), COVID-19 could result in further exacerbation of racial disparities in financial outcomes. We...

In armed conflicts, it is common for women, children, and the elderly to flee, leaving the men behind. While refugee women face particular challenges in caring for children in host countries, there is only limited evidence on the impact of childcare services on their integration. This paper...

In armed conflicts, it is common for women, children, and the elderly to flee, leaving the men behind. While refugee women face particular challenges in caring for children in host countries, there is only limited evidence on the impact of childcare services on their integration. This paper...

We compare the cost effectiveness of two pronatalist policies: (a) child allowances; and (b) daycare subsidies. We pay special attention to estimating how intended fertility (fertility before children are born) responds to these policies. We use two evaluation tools: (i) a dynamic model on...

We consider three transfer models with a representative individual who discounts the utility of the merit good with respect to the standard one's. In each model, a paternalistic government taxes the consumer and transfers him additional merit goods in return. The private purchase of the merit...

In his seminal model (Feldstein, 1985), the government operates a social security system to counter the representative worker's myopia. (i) For a complete myope, he determined a sizable optimal tax rate (and the corresponding benefit level). (ii) For a partially shortsighted worker, he...

Having a child out of wedlock used to be associated with shame and scorn. This is mostly not the case anymore in the western world. Therefore, freed from social sanctions, single motherhood has become an additional family-choice alternative for women, along with marriage and childlessness. Yet,...

van Groezen, Leers and Meijdam (2003) (for short, GLM) analyzed combination of public pension and child support in an OLG model. We impose credit constraint on workers, and extend GLM's analysis from the case where workers do not understand the cost also to the case where they do. GLM's infinite...

This paper studies retirement and child support policies in a small, open, overlapping-generations economy with PAYG social security and endogenous retirement and fertility decisions. It demonstrates that neither fertility nor retirement choices necessarily coincide with socially optimal...