“linked” by the young spouses. Children contribute part of their time to a household (couple) public good and provide …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … old may leave a bequest to their children. Within each period the three generations play a “game” inspired by Becker … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the …

scenario concerning the “harmony” of family relations. Children are purely selfish, and neither side can make credible …This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case … that when family aid (and long-term care services in general) are introduced the outcome is likely to be inefficient. Still …

of an efficiency loss. Efficiency can be restored through suitably designed marriage contracts because they can provide …) use of marriage is affected by the possibility of divorce. …

impact due to output-oriented altruism. We also find significant gender-related differences in the treatment effect: women …

deterministically chosen but the children’s future ability is in part stochastic, in part determined by the family background, and in … earners and low earners with the proportion of types being determined endogenously. The number of children is … attainment of his children on the proportion of high-ability individuals in the steady state. Our results include: (i …