while children's altruism is not. The traditional topping up and opting out policies are special cases of ours. Both total … and informal care should increase with the children's level of altruism. This obtains under full and asymmetric … explained by the need to provide incentives to high-altruism children. The implementing contract is always such that social care …

earning ability, family size can be used as a 'tagging' device, and calls for subsidizing children (via child allowances) to … enhance egalitarian objectives. We show that the case for subsidizing children crucially hinges on child allowances being … provided on a universal basis. Notably, when child benefits are means-tested, taxing children at the margin (namely, setting …

the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

way of removing disincentives to raise children and invest in their human capital in the long run …

We study the role and design of private and public insurance programs when informal care is uncertain. Children …'s degree of altruism is randomly distributed over some interval. Social insurance helps parents who receive a low level of care …