This paper accounts for the value of children and future generations in the evaluation of health policies. This is … achieved through the incorporation of altruism and fertility in "value of life" type of framework. We are able to express … intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare …

We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor …

effect on the educational attainment of children in other families. The theory and empirical evidence identifies a set of …We discuss a simple model of intergenerational transfers with one-sided altruism: parents care about their child but … the child does not reciprocate. Parents and children make investments in the child's education, investments for other …

compare mothers' and fathers' willingness to pay (WTP) for specific goods for their children, diverging from the previous … we examine why spending patterns differ between mothers and fathers, e.g., altruism, personal returns to investing in … children. We find that fathers have a lower WTP for their daughters' human capital than their sons' human capital, whereas …

illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that …

-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …This paper develops a theory of intergenerational exchange for generations that are either selfish or have non … expenditures, and (2) investment in children within the family …