This paper investigates the impact of income shocks and bride price on early marriage in Turkey. The practice of bride-price, still vivid in many regions of the country, may provide incentives for parents to marry their daughter earlier, when faced with a negative income shock. In addition,...

This paper investigates the impact of income shocks and bride price on early marriage in Turkey. The practice of bride-price, still vivid in many regions of the country, may provide incentives for parents to marry their daughter earlier, when faced with a negative income shock. In addition,...

We model the joint distribution of (i) individual education trajectories, defined by the allocation of time (semesters) between various combinations of school enrollment with different labor supply modalities and periods of school interruption devoted either to employment or home production and...

Recent evidence shows that people who grew up in economic hard times more strongly favor government redistribution and are more compassionate towards the poor. We investigate how inclusive this increase in compassion is by studying how macroeconomic conditions experienced during young adulthood...

In this paper, the author deals with the question how to make PAYG pension systems financially resistant to fluctuating fertility rates. The author presents two pension schemes that lead to a permanently balanced budget but differ in the mixture of changes in the contribution rates and...

In this paper I study how PAYG pension systems of the notional defined contribution type can be designed such that they remain financially stable in the presence of increasing life expectancy. For this to happen two crucial parameters must be set in an appropriate way. First, the remaining life...