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Each year parents transfer a great deal of money to their adult children. While intuition might suggest that these transfers are altruistic and made out of concern for the well-being of the children, the fundamental prediction of the altruistic model has been decisively rejected in empirical...
Persistent link: https://www.econbiz.de/10013235869
intergenerational altruism. Thus, immigrants may be self-selected on fertility. Soviet Jews who migrate to Israel despite high migration …. Selection on altruism can explain why historically immigrant-absorbing countries like the U.S. have higher fertility than other …. Selection on altruism also implies that immigrant-absorbing regions will grow faster, or have higher per capita income, or both …
Persistent link: https://www.econbiz.de/10013247256
While a large literature is interested in the relationship between family and labor supply outcomes, little is known … in beliefs about how future family outcomes are related to future labor supply. Methodological contributions come from an … longitudinal data, can potentially help address endogeneity issues arising in the estimation of the causal effect of family on …
Persistent link: https://www.econbiz.de/10012861663
autonomy. Women who are exposed to the reform are more likely to have met their husbands outside of family networks, they are … the continuation of the family blood line. These results indicate that educational attainment can alter behaviors and …
Persistent link: https://www.econbiz.de/10014089923
In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long-term contracts and important aspects of the employment relation. However, so far there exists no direct evidence that supports these assumptions and, in particular, Hart and Moore's notion that...
Persistent link: https://www.econbiz.de/10012758135
We model the widespread failure of contracts to share risk using available indices. A borrower and lender can share risk by conditioning repayments on an index. The lender has private information about the ability of this index to measure the true state that the borrower would like to hedge. The...
Persistent link: https://www.econbiz.de/10012894992
This paper studies the design of optimal contracts in dynamic environments where agents have private information that is persistent. In particular, I focus on a continuous time version of a benchmark insurance problem where a risk averse agent would like to borrow from a risk neutral lender to...
Persistent link: https://www.econbiz.de/10012772314
This paper studies asymmetry of information and transfers within a unique data set of 712 extended family networks from … migrants regarding non-migrants. We develop a static model of asymmetric information that contrasts altruism, pressure and …
Persistent link: https://www.econbiz.de/10013012609
altruism and marginal costs, and this heterogeneity is unobservable to the government. In a novel application of nonlinear …
Persistent link: https://www.econbiz.de/10013295075
Persistent link: https://www.econbiz.de/10012777157