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We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...
Persistent link: https://www.econbiz.de/10010261415
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …, and (iv) length and effective enforcement of compulsory education. The predictions are consistent with two empirical … countries tend to get less education than boys of the same educational ability, and of why a substantial minority of women in …
Persistent link: https://www.econbiz.de/10010264246