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This paper studies the design of couples' income taxation. Consumption and labor supply decisions within the couple are made by maximizing a weighted sum of the spouses’ utilities; bargaining weights are given but specific to each couple. The information structure and labor supply decisions...
Persistent link: https://www.econbiz.de/10010479336
scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible …
Persistent link: https://www.econbiz.de/10009786034
care provided to their parents and education expenditures for their children. The young enjoy their education, while the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the …
Persistent link: https://www.econbiz.de/10010370317