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Life Insurance, Precautionary Saving and Contingent Bequest

Chang, Fwu-Ranq - 2001

Purchasing life insurance is for the welfare of young children, par-ticularly preteens, who are liquidity constrained. In this paper, we present a life cycle model of life insurance that takes into account the ages of these young beneciaries. We show that, as the child ages, the need for...

Persistent link: https://www.econbiz.de/10010315079

Birth Order in the Very Long-Run: Estimating Firstborn Premiums between 1850 and 1940

Cools, Angela; Grooms, Jared; Karbownik, Krzysztof; … - 2024

The nineteenth-century American family experienced tremendous demographic, economic, and institutional changes. By using birth order effects as a proxy for family environment, and linked census data on men born between 1835 and 1910, we study how the family's role in human capital production...

Persistent link: https://www.econbiz.de/10014574291

Are Economic Preferences Shaped by the Family Context? The Impact of Birth Order and Siblings' Sex Composition on Economic Preferences

Detlefsen, Lena; Friedl, Andreas; Lima de Miranda, Katharina - 2018

The formation of economic preferences in childhood and adolescence has long-term consequences for life-time outcomes. We study in an experiment with 525 teenagers how both birth order and siblings’ sex composition affect risk, time and social preferences. We find that second born children are...

Persistent link: https://www.econbiz.de/10011957178

The Effect of Schooling on Parental Integration

Sommerfeld, Ann-Marie - 2024

schooling of the oldest child in a migrant household affects parents' integration. My analysis links administrative records on … discontinuity design around the school enrollment cutoff and an instrumental variable approach I show that children's schooling …

Persistent link: https://www.econbiz.de/10015211257

Out of the Shadows and into the Classroom: Immigrant Legalization, Hispanic Schooling and Hispanic Representation on School Boards

Sabet, Navid - 2023

, to study the impact of immigrant legalization on schooling outcomes. Although undocumented migrants are entitled to … sort out of public education and into private schooling. The IRCA differentially increases Hispanic school board members …

Persistent link: https://www.econbiz.de/10014469314

The trade-off between fertility and education : evidence from before the demographic transition

Becker, Sascha O.; Cinnirella, Francesco; Woessmann, Ludger - 2009

The trade-off between child quantity and education is a crucial ingredient of unified growth models that explain the transition from Malthusian stagnation to modern growth. We present first evidence that such a trade-off indeed existed before the demographic transition, exploiting a unique...

Persistent link: https://www.econbiz.de/10010271961

Globalization, gender and development: The effect of parental labor supply on child schooling

Marchand, Beyza Ural; Rees, Ray; Riezman, Raymond - 2011

Tariff reductions have gender-specific effects on the labor market that change the relative bargaining power within … affect child schooling by focusing on young school-age children who are otherwise not active in the labor market. Using micro … percentage points higher schooling probability for children between the ages of 7 and 10. This result explains approximately 26 …

Persistent link: https://www.econbiz.de/10010274731

Human Capital Quality and Aggregate Income Differences: Development Accounting for U.S. States

Hanushek, Eric A.; Ruhose, Jens; Woessmann, Ludger - 2015

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Persistent link: https://www.econbiz.de/10011307079

Economic Gains for U.S. States from Educational Reform

Hanushek, Eric A.; Ruhose, Jens; Woessmann, Ludger - 2015

There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...

Persistent link: https://www.econbiz.de/10011431207

Opportunity and Inequality across Generations

Koeniger, Winfried; Zanella, Carlo - 2020

schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic …

Persistent link: https://www.econbiz.de/10012179898