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Articles 1 - 4 of 4
Full-Text Articles in Economics
Economics In A Family Way, Ted Bergstrom
Economics In A Family Way, Ted Bergstrom
Ted C Bergstrom
This paper is an advertisement for some facts and ideas that I think likely to lead to a richer theory of the economics of the family. The discussion references many papers from anthropology and biology. Because of the intimate connection between the family and reproduction, it should not be surprising that there is much to be learned about the economics of the family from the study of evolutionary biology. Given the increased prevalence in recent decades of unwed parenthood, divorce with sequential monogamy, and ``non-traditional'' family arrangements, it seems that anthropological studies of alternative family structures would help us to …
Income Prospects And Age At Marriage, Ted Bergstrom, Bob Schoeni
Income Prospects And Age At Marriage, Ted Bergstrom, Bob Schoeni
Ted C Bergstrom
In an earlier paper Courtship as a Waiting Game, Mark Bagnoli and I proposed a theory that explained why it is the case that in almost every society and at almost all recorded times, the average age at marriage of men exceeds that of women. An additional prediction of this model was that men who married later in life would turn out to have higher incomes when they reach maturity than those who marry young. The current paper reviews this theory and tests it with U.S. data. Consistent with our theory, we find that there is a strong positive relationship …
The Political Economy Of Subsidized Day Care, Ted Bergstrom, Soren Blomquist
The Political Economy Of Subsidized Day Care, Ted Bergstrom, Soren Blomquist
Ted C Bergstrom
This paper presents a theoretical model of political support for public provision of day care. In an economy where there are high taxes on wage income, selfish taxpayers with no children in the day care system may favor substantial public subsidies to day care because such subsidies induce mothers to join the labor force and hence pay income tax. Our model makes explicit quantitative predictions of the relation between the distribution of wages, theincome tax rate, and the subsidy rate for day care that maximizes net tax revenue from parents of small children. Applying parameter values from Sweden and the …
Nonsubstitution Theorems For A Small Trading Country, Ted Bergstrom
Nonsubstitution Theorems For A Small Trading Country, Ted Bergstrom
Ted C Bergstrom
In 1951, Paul Samuelson showed that a surprisingly rich class of economies the production possibility frontier is a linear and even with neoclassical substitution possibilities, as outputs adjust, firms continue to use inputs and outputs in the same proportions. This model is often thought to be of limited practical value since it assumes that there is only one non-produced factor, and no joint production. The single factor assumption rules out economies in which agriculture and mining are important and the lack of joint production leaves no good way to handle durable capital goods. In this paper, I extend the Samuelson …