As the populations in many countries age, the direct financial costs to governments are expected to rise due to the income support and health costs associated with an older population. A focus on these financial costs has led to an unduly negative, problem-oriented view of population ageing that...

The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an ongoing longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new...

What is the minimum wage and why do governments set a minimum wage level? This paper presents background information on this issue with special emphasis on Montenegro. The minimum wage regulations in Montenegro are somewhat different than those in the market economies; therefore, the first part...

In this paper a model is developed which is designed to capture the channels through which income transfer programs are likely to affect working hours of family members. The model demonstrates that the appropriate framework is neither a pure one-period or life-cycle one, but rather one that...

A life cycle model is derived to explain the allocation of time of family members over the life cycle. The timing of market participation is shown to depend upon the life cycle wage pattern of men and women, the rate of interest, the rate of time preference, and age-related changes in the...

The objective of this paper is to analyse the intergenerational transmission mechanisms within a theoretical framework which supposes a heterogeneous family structure. For that, we propose a modified version of the model of Becker and Tomes (1986) by supposing that they exist two groups of...

This paper concentrates on the economic experiences of the baby-boom cohorts. We first document their early career experience and demonstrate that indeed this was no time to be young. We then offer reasons why cohort size may be important and note which people, within a cohort, are most likely...

This paper analyses the incidence and impact of unemployment among young Australians. It is argued that the scale and seriousness of the current youth problem are often overstated. There is no evidence that the aggregate unemployment experience of young Australians has changed over the last two...