The aim of this study is to investigate the understanding of wealth, poverty, inequality and unemployment in South African Black (African) children aged 7, 9, 11 and 14 drawn from a rural, an urban and a semi-urban setting. Two hundred and twenty-®ve children (80 rural, 60 urban and 85 semi-urban) were interviewed individually in Setswana, their mother tongue. The urban children were living in ...

I compare the predictions of three variants of the altruistic parent model of Barro and Becker for the relationship between child mortality and fertility. In the baseline model fertility choice is continuous, and there is no uncertainty over the number of surviving children. The baseline model is contrasted to an extension with discrete fertility choice and stochastic mortality and a setup with...

The public debt stock in some economically developed countries continues to increase because of a lack of tax revenues and the concomitant burdens of social security. Many of those countries suffer from lower birth rates and consequently, have fewer children. Child allowances might be an effective way to increase fertility, leading to higher future tax revenues through an increase in the number...

Following in Your Parents’ Footsteps? Empirical Analysis of Matched Parent-Offspring Test Scores In this paper, we explore whether an intergenerational relationship exists between the reading and mathematics test scores, taken at age 7, of a cohort of individuals born in 1958 and the equivalent test scores of their offspring measured in 1991. Our results suggest that how the parent performs in ...

Motivation, Expectations and the Gender Pay Gap for UK Graduates Focussing on recent UK graduates, a wage gap of 12% is found. The unexplained component of the gap is small and a large fraction of the gap can be explained by subject choice, job characteristics, motivation and expectation variables. Motivation and expectations account for 44% of the explained gap, thus most studies over-estimate...

This paper studies the population dynamics of preference traits in a model of intergenerational cultural transmission. Parents socialize and transmit their preferences to their offspring, motivated by a form of paternalistic altruism (``imperfect empathy''). In such a setting we study the long run stationary state pattern of preferences in the population, according to various socialization mech...

This study examines whether the factors that determine the welfare participation of women who experienced teenage motherhood differ from the factors that determine the welfare participation of women who had their first child at an older age. We examine these factors across the lifetimes of both groups of women. A dynamic random effects probit model is applied to investigate the extent of state ...

Do Downward Private Transfers Enhance Maternal Labor Supply? Evidence from around Europe Drawing on a theoretical model of downward private transfers with endogenous labor supply and recursive econometric models based on 2317 mother-daughter pairs from the 2003 SHARE data on 10 European countries, we investigate the impact of private transfers on the career choices of transfer-receiving young m...

Self-Esteem and Earnings Recent research in economics suggests a positive association between self-esteem and earnings. A major problem in this literature is that from simple cross-sectional wage regressions it is not possible to conclude that self-esteem has a causal impact on earnings. While classical measurement error leads to an attenuation bias, reverse causality and omitted variable are l...

The correlation between female labor force participation rate (FPR) and total fertility rate (TFR) across developed countries has switched from negative to positive. This paper provides a structural explanation of the historical pattern via changes in substitutability between mother’s direct childcare and indirect market care. Analysis of a life-cycle model of married women’s labor supply and f...