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Transfers within a Three Generations Family : When the Rotten Kids Turn into Altruistic Parents
Cremer, Helmuth - 2014
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10013051795
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Long-Term Care and Lazy Rotten Kids
Cremer, Helmuth - 2013
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out efficient bargaining). The model...
Persistent link: https://www.econbiz.de/10013076808
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Uncertain Altruism and Non-Linear Long-Term Care Policies
Canta, Chiara - 2018
We study the design of public long-term care (LTC) insurance when the altruism of informal caregivers is uncertain. We … 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 …
Persistent link: https://www.econbiz.de/10012915327