A significant literature in the social sciences addresses the impact of child-bearing and rearing on marital stability and on mothers' labour market outcomes. Much less is known about older mothers' employment and marriage patterns when the adult children leave the parental nest. This study aims...

One of the main puzzles uncovered by the happiness literature is the U-shaped relationship between age and self-declared happiness, with a mid-life nadir, around 50-55. In this paper, we show that mid-life is also the moment when within-age income inequality is at its most. We also show that...

In this article, we challenge the common thought that a liquid annuity contract is optimal. We indeed show, in a standard neoclassical framework, that another contract, which actually resembles much more to the contracts that are proposed by most insurance companies, may be preferred by rational...