The relationship between women's education & employment in GB & the dramatic changes in British family formation in recent decades are examined based on data drawn from the British General Household Survey. Increased cohabitation, reduced marriage, & delay in childbearing are found. Education is contended to be a powerful influence on the transition to marriage & parenthood among women. It is concluded that the current directions of economic & social change in GB predict a movement toward later & more varied patterns of family formation. 9 Tables, 5 Figures, 22 References. M. Wagner
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. The paper follows the real options approach, which allows to investigate the value to a firm of waiting to invest and/or disinvest, when payoffs are stochastic due to political uncertainty and investments are partially reversible. Across the board we find that political uncertainty can be very detrimental to FDI decisions.