Cigno, Alessandro; Giannelli, Gianna; Rosati, Furio; … - In: Review of Economics of the Household 4 (2006) 3, pp. 183-204
The paper tests the hypothesis that private transfers can be explained by the existence of self-enforcing family constitutions prescribing the minimum level at which a person in middle life should support her young children and elderly parents. The test is based on the effect of a binding credit...