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before they enter marriage. The correspondence assumption provides a plausible account of the genesis of household technology …
Persistent link: https://www.econbiz.de/10013119341
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10013052680
While a large literature is interested in the relationship between family and labor supply outcomes, little is known about the expectations of these objects at earlier stages. We examine these expectations, taking advantage of unique data from the Berea Panel Study. In addition to characterizing...
Persistent link: https://www.econbiz.de/10012861663
This paper examines the appropriate tax treatment of the family in a series of analytical models and numerical examples. For a population of taxpaying couples which differ in earning capacity, we derive the optimal tax rates for each potential earner. These rates depend crucially upon own and...
Persistent link: https://www.econbiz.de/10013220808
We examine the association between nonmarital childbearing and the subsequent likelihood of first marriage and document … expectations of future marriage. Rather, the direction of causation is just the reverse: Nonmarital childbearing tends to be an … first marriage. Further, the upward trend in the proportion of childbearing that occurs outside of marriage may account for …
Persistent link: https://www.econbiz.de/10013222632
This paper analyzes the intertemporal efficiency and optimality of steady states within overlapping-generations models in which the utility of individual working couples , depends on the consumption of their parents and children as well as their own consumption. The analysis considers both a...
Persistent link: https://www.econbiz.de/10013226191
with stable earnings and marriage rates among women. Wilson (1987) reasons that because single motherhood is an alternative … to traditional marriage, circumstances that impede marriage should also encourage single motherhood. However, few studies … marriage market prospects and the prevalence of never-married mothers. Much of the existing literature frames the expansion of …
Persistent link: https://www.econbiz.de/10013233725
Economists usually assume that bargaining in marriage leads to efficient outcomes. The most convincing rationale for … environments, and that marriage provides such an environment. This paper argues that when a current decision affects future … binding commitments regarding allocation within marriage. To investigate the efficiency of bargaining within marriage when …
Persistent link: https://www.econbiz.de/10013247395
This paper presents a model of the intergenerational transmission of education and marital sorting where parents matter both because of their household income and because parental human capital determines the expected value of a child's disutility from making an effort to become skilled. We show...
Persistent link: https://www.econbiz.de/10013313642
We study the role of wealth in the marriage contract by developing a model of the household where investments in public …-divorce allocation, specialization and public good creation will be sub-optimal. However, accumulating joint assets, which the marriage … specialization, more public goods, and a higher value of marriage. To test the model’s predictions, we use homeownership as a proxy …
Persistent link: https://www.econbiz.de/10013322172