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We empirically investigate the determinants of the female decision of investing in post-secondary education, focusing on the role played by the context where young women take their education decision. We first develop a stylized two-period model to analyse the female decision of investing in education and highlight two main determinants: the time to be devoted to child care and the probability of working in a skilled job. We then use data on educational decisions of women in the 17-21 age group drawn from EU-Silc, available for the years 2004-2008. From the same survey we construct context indicators at the regional level, and exploit regional variability to identify how women's educational investment reacts to changes in the surrounding context. We find that the share of working women with children below 5 and the share of women with managerial positions or self-employed positively affect the probability that women enrol in post-secondary education. The same does not hold for men.

In this paper we analyse the relationship between happiness and childbearing taking a comparative perspective. We argue that fertility and happiness are somewhat linked and we investigate whether there are important differences across European countries. Using happiness as a welfare measure offers important benefits over income especially when interest lies in understanding how individuals' wellbeing is associated with childbearing outcomes. We use the European Social Survey (ESS) and apply simple regression techniques, controlling for country differences, and find indeed a positive and significant association between happiness and childbearing. However, parents do not appear to be consistently happier in some countries than in others. The final set of analyses reveals a very strong interconnection between, childbearing, partnership and happiness.

A fundamental switch in the fertilitydevelopment relationship has occurred so that among highly developed countries, further socioeconomic development may reverse the declining fertility trend. Here we shed light on the mechanisms underlying this reversal by analyzing the links between development and age and cohort patterns of fertility, as well as the role of gender equality. Using data from 1975 to 2008 for over 100 countries, we show that the reversal exists both in a period and a cohort perspective and is mainly driven by increasing older reproductive-age fertility. We also show that the positive impact of development on fertility in high-development countries is conditional on gender equality: countries ranking high in development as measured by health, income, and education but low in gender equality continue to experience declining fertility. Our findings suggest that gender equality is crucial for countries wishing to reap the fertility dividend of high development.

Using a specific data set drawn from the Spanish Module Education to Labour Market Transitions (2000), this paper analyses the labour market entrance of Spanish school leavers and the match between education and work at the early stages of working life. Moreover, special attention is paid to graduates, because Spain experienced a strong growth in the demand for higher education during the last decades of 20th century. The empirical evidence shows that, besides other personal and family individual's characteristics, human capital exerts a strong influence on the finding of an employment. With regard to the match between education and work, the results indicate that over-education is a common phenomenon in the Spanish youth labour market. However, unlike what one could expect, being a graduate seems to be associated to a lower likelihood of over-education in the first employment.

Surveys differ in the way they measure satisfaction and happiness, so comparative research findings are vulnerable to distortion by survey design differences. We examine this using the British Household Panel Survey, exploiting its changes in question design and parallel use of different interview modes. We find significant biases in econometric results, particularly for gender differences in attitudes to the wage and hours of work. Results suggest that the common empirical finding that women care less than men about their wage and more about their hours may be an artifact of survey design rather than a real behavioural difference.

This paper provides a detailed empirical assessment of the evolution of income inequality and the redistributive e↵ects of the tax and transfer system following the 2007-2008 crisis. It focuses on the US case, drawing on data from the Current Population Survey for the period 2007-2012. Contrary to most existing studies, it uses of a wide range of inequality indicators and looks in detail at several sections of the income distribution, allowing for a clearer picture of the heterogeneous consequences of the crisis. Furthermore, it analyses the contribution of di↵erent types of taxes and transfers, beyond the overall cushioning e↵ect of the system, which allows for a more refined assessment of its e↵ectiveness. Results show that although the crisis implied income losses across the whole income distribution, the burden was disproportionately born by low to middle income groups. Income losses experienced by richer households were relatively modest and transitory, while those experienced by poorer households were not only strong but also highly persistent. The redistributive system had a crucial role in taming the increase in income inequality in the immediate aftermath of the crisis, and during the GR years, particularly cash transfers. After 2010, however, its e↵ect became weaker and income inequality experienced a new surge. The findings of this paper contribute to a better understanding of the distributional consequences of aggregate crises and the role of tax and transfer policies in stabilising the income distribution in a crisis aftermath.e theoretical bases for the impact of higher education policy on social mobility.

Long-term developments in economic inequality are attracting growing attention. Earlier works focused on producing reliable measures of inequality, which overall suggest that in Europe, inequality levels were already high in preindustrial times and tended to grow almost continuously from the Middle Ages until the eve of the Industrial Revolution. Proposing a significantly different perspective, this article explores whether the change in inequality is connected to a change in how a condition of unequal distribution of property/income was perceived. By referring to large databases of manuscripts and printed editions covering ca. 1100-1830, we measure the occurrences of keywords connected to the notions of equality/inequality to determine when inequality became a topic considered worthy of specific reflection. Key texts are analyzed in depth to discover how and when such keywords acquired an economic meaning. Lastly, changes in meaning are connected to changes in levels of economic inequality. We demonstrate that the notions of equality/inequality appeared first in scholarly fields far from economic concerns and only slowly acquired economic meanings. This process intensified in the decades preceding the French Revolution of 1789, suggesting that changes in inequality levels contributed to brewing political upheaval in the Age of Revolutions.

According to the existing theoretical literature, there are several channels through which privatization of State-owned enterprises and assets may shape the distribution of income, either increasing or decreasing the level of inequality. Assessing the actual distributional impact of privatization becomes therefore an empirical matter. This paper is a first attempt to empirically investigate the relationship between privatization and income inequality through redistribution, focusing on the role of democratic institutions in developing countries. Using an unbalanced panel of low and middle-countries in the period 1988-2008, we find that an increase in privatization revenue is negatively and significantly correlated with net-income inequality when democratic institutions are well consolidated. All the robustness checks we perform confirm this finding. Thus, our analysis seems to suggest that, in developing countries, policy makers’s choice of implementing divestiture programs while democratizing at the same time may lead to an improvement in income equality.

This paper studies whether firms trade political contributions for public procurement contracts. Combining data on Lithuanian government tenders, corporate donors and firm characteristics, I examine how a ban on corporate contributions affects the awarding of procurement contracts to companies that donated in the past. Consistent with political favoritism, donors’ probability of winning falls by five percentage points as compared to that of non-donor firms after the ban. Evidence on bidding and victory margins suggests that corporate donors may receive auction-relevant information affecting procurement outcomes in their favor. I assess that tax payers save almost one percent of GDP thanks to the reform.

This article combines two apparently distinct strands of contemporary research on fertility: the literature on economic uncertainty and fertility and the literature on subjective well-being and fertility. We advance the hypothesis that the impact of term-limited work contracts and precarious jobs on fertility intentions is channeled by an individual’s level of subjective well-being. To test this hypothesis, we adopt a formal framework for causal inference and apply techniques of mediation analysis to data from two rounds of the European Social Survey (ESS 2004 and 2010). Our analysis clearly suggested that the impact of employment uncertainty on fertility intentions depended on the level of subjective well-being: the negative effect was found only when subjective well-being was relatively low (i.e. life satisfaction levels equal or below 6). Detailed results show that parents and younger individuals reduced their fertility intentions more than the childless and older individuals when experiencing economic uncertainty and facing low subjective well-being. We also found that in 2010 – while the economic crisis was underway – it was especially the deterioration in men’s position in the labor market that inhibited fertility planning.