observe their children's cost of providing care, which is continuously distributed over some interval. They choose a rule … sum of parents' and children's utility. The optimal uniform public LTC insurance can fully cover the risk of dependence … but parents continue to bear the risk of having children with a high cost of providing care. A nonlinear policy …

scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible …

adult children and their parents. We then examine whether differences in family structure affect the amount of informal care … adult children provide to their elderly parents. Lastly, we look for cross-country differences in family location and … insights into how family-related and institutional factors shape patterns of time transfers from adult children to elderly …

This study argues that parents have a desire for dividing equally between their children, and that this motive applies … to transfers of gifts inter vivos. We suggest that the equal division motive competes with traditional altruism: support … to the child or the children with greatest needs. When parents are drawn between these two ambitions, the degree of …

reduction in parental time devoted to children, which modifies their human capital accumulation process. We show that the result … critically depends on the assumptions on the altruistic motives behind the choice of devoting time to children. …

We study the optimal long-term care policy when informal care can be provided by children in exchange for monetary … benefits and transfers to working children. If the policy is restricted to be gender neutral, we find that the informal care …

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …