. Yet the family (and decision-making in families) is typically ignored in macroeconomic models. In this chapter, we argue … that family economics should be an integral part of macroeconomics, and that accounting for the family leads to new answers … fluctuations, and argue that changes in family structure in recent decades have important repercussions for the determination of …

, we constructed a unique data set of family trees and business groups for nearly 100 of the largest business families in … Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the … family business. The sons of the founders play a central role in both ownership and board membership, especially when the …

This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between …

This paper deals with the labor market entrance of young people in the Federal Republic" of Germany. The main focus is … on failures during this stage. First, an overview of the youth" labor market in Germany is given. Then, the transition … capital variables there is a striking effect of the family background" of the youths. The following section addresses the …

One criticism of the estate tax is that it prevents the owners of family businesses from passing their enterprises to …

We examine the interaction between three kinds of concentrated owners commonly found in an emerging market: family …

We use a simple random growth model to study the role of changing dynamics of family firms in shaping the evolution of … shocks to the value of family firms is similar to that found for public firms by Herskovic, Kelly, Lustig, and Van … Nieuwerburgh (2016) over the past 100 years. We also show that consideration of family firms contributes not only to overall wealth …

Family firms depend on a succession of capable heirs to stay afloat. If talent and IQ are inherited, this problem is … mitigated. If, however, progeny talent and IQ display mean reversion (or worse), family firms are eventually doomed. This is the … essence of the critique of family firms in Burkart, Panunzi and Shleifer (2003). Since family firms persist, solutions to this …