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Persistent link: https://www.econbiz.de/10003341946
; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing …The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution … renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the …
Persistent link: https://www.econbiz.de/10003260821
Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...
Persistent link: https://www.econbiz.de/10010227229
Persistent link: https://www.econbiz.de/10009152225
The effects and optimal choice of policy instruments affecting the family (child benefits, taxes on child …-specific commodities, etc.) are examined within the context of a household economics model with fertility choice. The simultaneous … consideration of child benefits and commodity taxes in the presence of endogenous fertility yields some remarkable results. One is …
Persistent link: https://www.econbiz.de/10009781693
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution … renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …
Persistent link: https://www.econbiz.de/10010267482
Basu and Van (1998) show that a ban on child labour may be self-enforcing under the extreme assumption that, above the subsistence level, no amount of consumption can compensate parents for the disutility of child labour. We show that a partial ban may be self-enforcing also in a more general...
Persistent link: https://www.econbiz.de/10014505309
Persistent link: https://www.econbiz.de/10002492836
Persistent link: https://www.econbiz.de/10001766485
We consider a case where some of the parents have higher ability to raise children than others. First-best policy gives both types of parents the same level of utility. If parental actions are not fully observable, however, the policy maker has to take into account the incentive-compatibility...
Persistent link: https://www.econbiz.de/10013319897