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Source: Economic Modelling

Resulting in 4 citations.

1.	Bellido, Hector Marcen, Miriam
1.	On the Relationship between Body Mass Index and Marital Dissolution Economic Modelling 91 (September 2020): 326-340. Also: https://www.sciencedirect.com/science/article/pii/S0264999319316621 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Body Mass Index (BMI); Marital Dissolution; Marital Stability The economic literature on body mass index (BMI) and marital dissolution uses simple correlations to suggest that it is the latter than alters the former. We argue here that the opposite is also potential because the higher the BMI, the lower the remarriage potential and the greater the demand for health care, which should decrease the probability of marital dissolution. We empirically explore the role of BMI on marital dissolution showing that those who are overweight are more likely to stay married. This is maintained when we examine causality by exploiting the exogeneity of the dates in which data are collected combined with BMI's seasonality. Although BMI appears to stabilize marriage, this implies a reduction in the bargaining power of individuals with a high BMI in marriage, which, according to our findings, has a greater impact on White women.
	Bibliography Citation Bellido, Hector and Miriam Marcen. "On the Relationship between Body Mass Index and Marital Dissolution." Economic Modelling 91 (September 2020): 326-340.

2.	Bellido, Hector Molina, Jose Alberto Solaz, Anne Stancanelli, Elena G. F.
2.	Do Children of the First Marriage Deter Divorce? Economic Modelling 55 (June 2016): 15-31. Also: http://www.sciencedirect.com/science/article/pii/S0264999316300037 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Children; Divorce; Marital Stability; Marriage In terms of economics, individuals divorce if their expected gains from marriage fall short of their expected utility outside the current marriage, and children represent a marriage-specific type of investment, which generally increases the value of marriage for the spouses. However, children may also disrupt marital stability as they will induce dramatic changes into the household allocation of money and time. In particular, children conceived before or after first marriage may be valued differently by the spouses and this may lead to marital conflicts. It is difficult to assign a priori the direction of the effect of children on marriage stability, and causality may run either way, as couples who anticipate a separation are more likely to have fewer children than those who are happy together, while children born before first marriage may be associated with a lower marriage attachment of their parents. Here, we follow an empirical approach and take advantage of the richness of the data on pre-marital history from the 24 waves of the National Longitudinal Survey of Youth79, to estimate the effect of children conceived before or after first marriage on marital stability. We find a significant deterrent effect of young children conceived during first marriage to the likelihood of divorce, while children conceived before first marriage are found to have a disruptive effect on marital stability.
	Bibliography Citation Bellido, Hector, Jose Alberto Molina, Anne Solaz and Elena G. F. Stancanelli. "Do Children of the First Marriage Deter Divorce?" Economic Modelling 55 (June 2016): 15-31.

3.	Khieu, Hoang Walde, Klaus
3.	Capital Income Risk and the Dynamics of the Wealth Distribution Economic Modelling 122 (May 2023): 106243. Also: https://www.sciencedirect.com/science/article/pii/S026499932300055X Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Income Risk; Wealth Understanding rising wealth inequality requires a comprehension of the evolution of wealth distributions. We quantify a model of idiosyncratic labor income and interest rates to match the evolution of the wealth distribution of the NLSY 79 cohort in the US from 1986 to 2008. We allow for economic growth, stochastic labor income and stochastic interest rates. Individuals differ in their financial ability, i.e. in their average financial returns. Aggregating over individuals balances a stationary long-run wealth distribution (for low interest rates) with exploding wealth distributions (for high interest rates). The baseline calibration fits the wealth distribution in 2008 up to 96.1% with an empirically plausible distribution of labor income and the standard deviation of model interest rates being lower than the empirical standard deviation. As our average fit over the entire sample period is also very good, models of this type can be employed to understand how quickly wealth distributions could become more equal if certain policy measures were introduced.
	Bibliography Citation Khieu, Hoang and Klaus Walde. "Capital Income Risk and the Dynamics of the Wealth Distribution." Economic Modelling 122 (May 2023): 106243.

4.	Zveglich Jr., Joseph E. Rodgers, Yanavan der Meulen Laviña, Editha A.
4.	Expected Work Experience and the Gender Wage Gap: A New Human Capital Measure Economic Modelling 83 (December 2019): 372-383. Also: https://www.sciencedirect.com/science/article/pii/S0264999318317243 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Gender Differences; Wage Gap; Work Experience Work experience is a key variable in earnings function estimates and wage gap decompositions. Because data on actual work experience are rare, studies commonly use proxies, such as potential experience. But potential experience is identical for all individuals of the same age and level of education, so it ignores labor market intermittency because of childbirth and child rearing--a critical omission when analyzing gender differences in earnings. This paper constructs a better proxy: expected work experience, which is the sum of the annual probabilities that an individual worked in the past. This measure can be generated using commonly available data on labor force participation rates by age and gender to gauge the probability of past work. Applying the measure to labor force survey data from the Philippines shows that conventional proxies underestimate the contribution of gender differences in work experience in explaining the gender wage gap.
	Bibliography Citation Zveglich Jr., Joseph E., Yanavan der Meulen Rodgers and Editha A. Laviña. "Expected Work Experience and the Gender Wage Gap: A New Human Capital Measure." Economic Modelling 83 (December 2019): 372-383.

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