We use a Barro-Becker model of endogenous fertility, in which parents are subject to idiosyncratic shocks that are … inequality in the long run. The planner uses the trade off between family size and future consumption and leisure, in addition to … long run properties of family size in the optimal contract and show that the long run trend in dynasty size can be either …

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing …The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution … renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the …

In a family context with endogenous timing, multiple public goods and alternative parental instruments, we show that …

" familial ties (e.g. a nuclear family household) achieve near Pareto efficient allocation of productive resources and Pareto … efficient allocation of consumption while households with "weaker" familial ties (e.g. an extended family household) do not. We … propose a theoretical model of the household based on the idea that altruism between household members vary with familial ties …

Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …

Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …