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| Belton, Willie; Uwaifo Oyelere, Ruth. |
| It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind that of other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an explanation for the savings gap that still exists between African-Americans and White Americans even after accounting for appropriate factors that can lead to savings differentials. We initially provide evidence that the savings gap exists and persist after including several control variables in a regression analysis. We then provide evidence that the persistent gap can not be attributed solely... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Savings gap; Institutions; Race; Culture; Institutional and Behavioral Economics; Political Economy; D14; D31; J15; J78; N30. |
| Ano: 2008 |
URL: http://purl.umn.edu/37089 |
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| Schultz, T. Paul. |
| The associations between fertility and outcomes in the family and society have been treated as causal, but this is inaccurate if fertility is a choice coordinated by families with other life-cycle decisions, including labour supply of mothers and children, child human capital, and savings. Estimating how exogenous changes in fertility that are uncorrelated with preferences or constraints affect others depends on our specifying a valid instrumental variable for fertility. Twins have served as such an instrument and confirm that the cross-effects of fertility estimated on the basis of this instrument are smaller in absolute value than their associations. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Fertility Determination; Malthus; Household Demands; Fertility Effects; Labor and Human Capital; D13; J13; N30; O15. |
| Ano: 2007 |
URL: http://purl.umn.edu/10119 |
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| Schultz, T. Paul. |
| Economic explanations for the fertility transition focus on the role of returns to schooling, especially for women, which have encouraged women to obtain more education and facilitated the rise in womens wages relative to mens. The private opportunity costs of children have therefore increased, and parents have been motivated to substitute child schooling for additional births Declines in fertility have proceeded unevenly, first across the high income countries, and more recently across the low income countries. The cross sectional differentials in fertility are also frequently analyzed in household surveys, suggesting parallels with the cross-country comparisons. At an aggregate level, states have simultaneously legislated socialized support for the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Fertility transition; Womens schooling; Womens wages; Child mortality; Labor and Human Capital; D19; J10; J13; N30. |
| Ano: 2001 |
URL: http://purl.umn.edu/28471 |
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