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The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …
Persistent link: https://www.econbiz.de/10010531841
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
women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap … degree relative to women with fewer years of education. However, the patterns of, and reasons for, marriage have changed … marital patterns by education for men. …
Persistent link: https://www.econbiz.de/10010266066
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010291543
The interaction between investment in children's education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …
Persistent link: https://www.econbiz.de/10010274940
While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals' incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...
Persistent link: https://www.econbiz.de/10010315113
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual's career, and economic shocks may therefore...
Persistent link: https://www.econbiz.de/10013177525