Showing 1 - 10 of 13,542
Parental investments significantly impact children's outcomes. Exploiting panel data covering individuals from birth to retirement, we estimate child skill production functions and embed them into an estimated dynastic model in which altruistic mothers and fathers make investments in their...
Persistent link: https://www.econbiz.de/10014480401
The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...
Persistent link: https://www.econbiz.de/10010321811
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
. Focusing on the special case of parents' illness, the paper then investigates altruism in Japanese children. Descriptive … care is not motivated entirely by altruism. We show that children provide parental care when their parents are wealthy …
Persistent link: https://www.econbiz.de/10010332292
, which can be interpreted as weak evidence for parental altruism. The paper uses data from the German Socio-Economic Panel …
Persistent link: https://www.econbiz.de/10010261955
In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children's expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children's goods in a two-adult...
Persistent link: https://www.econbiz.de/10010269476
This discussion paper led to a publication in href=http://onlinelibrary.wiley.com/doi/10.1002/jae.1071/fullJournal of Applied Econometrics, 24(6), 993-1023.Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance....
Persistent link: https://www.econbiz.de/10010325497
Since the seminal work of Becker, the analysis of endogenous fertility has been based on the trade-off faced by parents between the quantity and the quality of their children. In order to have an interior solution, the model assumes that in case children work, still they get positive income from...
Persistent link: https://www.econbiz.de/10010335966
-enforcing family constitutions. We identify a circumstance in which an agent will behave differently if she is optimizing subject to a … family constitution, than if she is moved by either altruistic or exchange motivations. The circumstance is the presence of a … family constitution exists, but will have the opposite effect if the transfer is either a gift, or payments for services …
Persistent link: https://www.econbiz.de/10010273995
We analyze the effects of family ties on the incentives for productive effort. A family is modelled as a pair of … other. We show that altruism has a non-monotonic effect on effort. We study how this effect depends on climate, the … magnitude and volatility of returns to effort. We also analyze the evolutionary robustness of family ties and how this …
Persistent link: https://www.econbiz.de/10010281251