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Persistent link: https://www.econbiz.de/10003623990
Given that young children are under the control of their parents, if the government has an interest in either the … welfare or the productivity of the former, it has no option but to act through the latter. Parents are, in the ordinary sense … gives rise to some new ones. -- optimal taxation ; optimal family allowances ; hidden ability to raise children ; hidden …
Persistent link: https://www.econbiz.de/10003850519
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10003299364
Incorporating family decisions in a two-period.model of the world economy, we predict that trade liberalization raises the skill premium and reduces child labour in developing countries where the adult labour force is sufficiently well educated to attract production activities from abroad that...
Persistent link: https://www.econbiz.de/10011669566
Higher education is not just a signal of innate ability. At least a certain level of educational achievement (degree level, degree mark) is strictly required to perform a graduate job. School leavers fall into two categories, the rich and the poor. Ability is distributed in the same way in both...
Persistent link: https://www.econbiz.de/10010485521