Akın, Ş. Nuray; Leukhina, Oksana - In: Journal of Economic Dynamics and Control 52 (2015) C, pp. 270-284
We report strong empirical support for the presence of self-interest-based risk sharing within extended families in the U.S. A standard model of self-interest-based risk sharing predicts that the share of current family income consumed by a child positively depends on that child׳s permanent...