In the expected-utility theory of the monetary value of a statistical life, the so-called “dead-anyway” effect …

Why do people have kids in developed societies? We propose an empirical test of two alternative theories — children as … predicts lower future pensions to reduce fertility, while the “old-age security” to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are …

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

this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward …

reflecting low altruism—a discount rate on children’s utility greater than the world interest rate—and I examine the implications … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public …

-interest, providing strong evidence for pocketbook voting. However, social preferences like altruism, public good considerations and …