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We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010370150
We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
Persistent link: https://www.econbiz.de/10010252667
Education Maintenance Allowance (EMA) was a UK government cash transfer paid directly to children aged 16-18, in the first two years of post-compulsory full-time education. This paper uses the labour supply effect of EMA to infer the magnitude of the transfer response made by the parent, and so...
Persistent link: https://www.econbiz.de/10010477535
Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary theory, and the theory of age structured life cycles in economic equilibrium and growth. The work is highly abstract but much of it was intended to illuminate issues of...
Persistent link: https://www.econbiz.de/10012027303
study is needed because it is unclear how altruism influences the inclination of an altruistic person to take risks. Will … ability to make altruistic transfers? Or does altruism induce a person to resort to risky behavior because the reward for a … averse than a comparable person who is not altruistic: altruism is a cause of greater willingness to take risks. The finding …
Persistent link: https://www.econbiz.de/10014423411
stage, determines the optimum level of the transfer within a relationship of one-sided altruism. In the second stage, the … compensatory way in an altruism model. …
Persistent link: https://www.econbiz.de/10003595983
Persistent link: https://www.econbiz.de/10002005366
Child labor is a widespread phenomenon and therefore is of interest to both researchers and policy makers. Various reasons for the existence of child labor have been proposed with the goal of designing appropriate solutions. While household poverty is viewed as the main reason for child labor,...
Persistent link: https://www.econbiz.de/10012793312
Among residents of an informal housing area in Cairo, we examine how dictator giving varies by the social distance between subjects - friend versus stranger - and by the anonymity of the dictator. While giving to strangers is high under anonymity, we find - consistent with Leider et al. (2009) -...
Persistent link: https://www.econbiz.de/10009777014
This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer...
Persistent link: https://www.econbiz.de/10003310953