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Previous work on the effects of private income transfers has been confined to intra-family interactions. One implication of this work is that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the...
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Previous work on the effects of private income transfers has been confined to intra-family interactions. One implication of this work is that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the...
Persistent link: https://www.econbiz.de/10014155766
Persistent link: https://www.econbiz.de/10014637195
developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …
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