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Genetic Endowments, Income Dynamics, and Wealth Accumulation Over the Lifecycle

Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin; … - National Bureau of Economic Research - 2022

We develop and estimate a life-cycle consumption savings model in which observed genetic variation is allowed to affect wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment, aggregated into a predictive index called a polygenic...

Persistent link: https://www.econbiz.de/10013362004

The Wealth of Working Nations

Fernández-Villaverde, Jesús; Ventura, Gustavo; Yao, Wen - National Bureau of Economic Research - 2023

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...

Persistent link: https://www.econbiz.de/10014437045

Maximum Impact Intergenerational Associations

Eshaghnia, Sadegh; Heckman, James J.; Landersø, Rasmus - National Bureau of Economic Research - 2023

This paper presents a new approach to measuring the intergenerational transmission of well-being and a novel perspective on which measures and what age ranges to use to estimate intergenerational social mobility. We select the measures and the age ranges that best predict important human capital...

Persistent link: https://www.econbiz.de/10014248011

Investing in Infants : The Lasting Effects of Cash Transfers to New Families

Barr, Andrew C.; Eggleston, Jonathan; Smith, Alexander A. - National Bureau of Economic Research - 2022

We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child's outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children...

Persistent link: https://www.econbiz.de/10013362027

Intra-Household Insurance and the Intergenerational Transmission of Income Risk

Agostinelli, Francesco; Ferraro, Domenico; Qiu, Xincheng; … - National Bureau of Economic Research - 2024

This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...

Persistent link: https://www.econbiz.de/10014468296

Short-And Long-Term Poverty and Social Policy in a "Snakes and Ladders" Model of Growth

Cuevas, Alfredo - International Monetary Fund (IMF) - 2001

Throughout the world, the great popularity of programs to protect those who may fall into poverty stands in contrast with the weakness of policies aimed at helping individuals who are already poor to overcome long-term poverty. In the paper, an OLG model with persistent poverty and limited...

Persistent link: https://www.econbiz.de/10005826665

Old Europe ages : Reforms and Reform Backlashes

Boersch-Supan, Axel H. - 2010

The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but aging poses many other economic challenges that...

Persistent link: https://www.econbiz.de/10012462881

Labor Regulations, Unions, and Social Protection in Developing Countries : Market distortions or Efficient Institutions?

Freeman, Richard B. - 2009

paid labor. 3) In many countries minimum wages "spill-over" to the unregulated sector, producing spikes in the wage … model in which rural-urban migration adjust to produce a positive relation between unemployment and wages across regions and … sectors, wages and unemployment are inversely related by the "wage curve". 7) Unions affect non-wage outcomes as well as wage …

Persistent link: https://www.econbiz.de/10012463858

Euro-Productivity and Euro-Jobs since the 1960s : Which Institutions Really Mattered?

Allard, Gayle - 2006

How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe, relative to industrialized Pacific Rim countries? Orthodox criticisms of European government institutions are right in some cases and wrong in others. Protectionist labor-market...

Persistent link: https://www.econbiz.de/10012466204

Analyzing Fiscal Space Using the Mams Model; An Application to Burkina Faso

International Monetary Fund (IMF); International … - 2009

This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...

Persistent link: https://www.econbiz.de/10008540936

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