This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...

This paper asks whether the gap in subjective happiness between spouses matters per se for a couple's risk of separation. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we find that a higher satisfaction gap, even in the first...

We study the optimal long-term care policy when informal care can be provided by children in exchange for monetary transfers by their elderly parents. We consider a bargaining model with single-child families. Daughters have a lower labor market wage and a lower bargaining power within the...

Daughters are the principal caregivers of their dependent parents. In this paper, we study long-term care (LTC) choices by bargaining families with mixed- or same-gender siblings. LTC care can be provided either informally by children, or formally at home or in an institution. A social norm...

Daughters are the principal caregivers of their dependent parents. In this paper, we study long-term care (LTC) choices by bargaining families with mixed- or same-gender siblings. LTC care can be provided either informally by children, or formally at home or in an institution. A social norm...

The policy of sustainable development requires reductions in growth of human populations to promote environmental sustainability and economic development. The objective is to control environmental catastrophism and advance financial growth with population policies on a global scale to foster...

The assumption that household income is strongly and positively correlated with a household's real standard of living provides the basis for the joint taxation of families, which has the effect of discriminating against married women as second earners. This paper shows, in the context of a model...

This paper investigates the behavioral responses of coupled men and women to a cash transfer program in Uruguay – Asignaciones Familiares-Plan de Equidad (AFAM-PE) –, by analyzing its effect on labor market responses, marital dissolution, and the decision-making process regarding the use of...

As part of the Europe 2020 strategy, European member states have committed to modernize and harmonize their welfare systems and to improve the quality of the means testing tools adopted to correctly identify the beneficiaries of welfare policies. This study contributes to the literature on means...

This study examines the potential consequences of early withdrawals from the Malaysian Employees Provident Fund in patterns of savings adequacy by studying the impact of house purchase on household lifecycle consumption. The authors develop an overlapping generations model of a small open...