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Rotten Spouses, Family Transfers and Public Goods
Cremer, Helmuth; Roeder, Kerstin - CESifo - 2014
We show that once interfamily exchanges are considered, Becker’s rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva’s (1999) result of efficiency in the contribution game amongst siblings extends to a...
Persistent link: https://www.econbiz.de/10010877787
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Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - CESifo - 2008
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure each other through both formal contracts and...
Persistent link: https://www.econbiz.de/10005405774
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Testing the Pareto Efficiency of Household Resource Allocations
Apps, Patricia; Rees, Ray - CESifo - 2008
In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...
Persistent link: https://www.econbiz.de/10005406400
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Globalization, Gender and Development: The Effect of Parental Labor Supply on Child Schooling
Marchand, Beyza Ural; Rees, Ray; Riezman, Raymond - CESifo - 2011
Tariff reductions have gender-specific effects on the labor market that change the relative bargaining power within households, which in turn affects child outcomes. We estimate how changes in parental labor supply due to these tariff reductions affect child schooling by focusing on young...
Persistent link: https://www.econbiz.de/10008833909
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Ethnic Divisions and Production in Firms
Hjort, Jonas - CESifo - 2013
A body of literature suggests that ethnic heterogeneity limits economic growth. This paper provides microeconometric evidence on the direct effect of ethnic divisions on productivity. In team production at a plant in Kenya, an upstream worker supplies and distributes flowers to two downstream...
Persistent link: https://www.econbiz.de/10010706000
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When Arm's Length Is Too Far. Relationship Banking over the Business Cycle
Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - CESifo - 2014
Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...
Persistent link: https://www.econbiz.de/10010795340
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Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity
Traeger, Christian - CESifo - 2012
assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …
Persistent link: https://www.econbiz.de/10009645646
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Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle
Buchholz, Wolfgang - CESifo - 2014
Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …
Persistent link: https://www.econbiz.de/10010948878
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Long-Term Care and Lazy Rotten Kids
Cremer, Helmuth; Roeder, Kerstin - CESifo - 2013
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the “harmony” of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out efficient bargaining). The...
Persistent link: https://www.econbiz.de/10010877740
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Daddy Months
Meier, Volker; Rainer, Helmut - CESifo - 2014
We consider a bargaining model in which husband and wife decide on the allocation of time and disposable income. Since her bargaining power would go down otherwise more strongly, the wife agrees to have a child only if the husband also leaves the labor market for a while. The daddy months...
Persistent link: https://www.econbiz.de/10010948876