We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others’ consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary...

We study the effects of quasi-random variation in unearned income on labor force participation, earnings, business income, capital gains realizations, retirement savings, and unemployment compensation. To identify these income effects, we exploit an age discontinuity in the federal tax system:...

The consequence of the arrival of children for the gender wage gap - known as the child penalty - is substantial and has been documented for many countries. Little is still known about the impact of having children beyond paid work in the labor market, such as home production. In this paper we...

This paper studies the microeconomics of child vulnerability to kidnapping in an environment where child protection is produced through a private effort, a public investment and a foreign aid. We first show that in absence of public investment and foreign aid, private investment in child...

Using traditional health capital model of Grossman (1972) and Wagstaff (1986) this paper attempts to fill in the theoretical missing link between mothers' autonomy and household consumption behavior, particularly focusing on the consumption of child health inputs. It has been shown in this...

Diversification is a fundamental concept in economics, decision theory, and finance, but the way in which it is implemented in the real world varies greatly. This paper asks how elementary the notion of diversification is by studying whether children apply it as a choice heuristic. We report on...

This study formulates a theoretical framework to shed light on why cash grants fail to increase parental investment in child education, and what can be done to increase their effectiveness. The paper asserts that consumption vulnerability, loss aversion, and information friction render lump-sum...

Children are seldom accounted for in household behavioural models. They are usually assumed to have neither the capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated children through the "caring preferences" of their...

This paper intends to illustrate theoretical bases for positive factors as well as major problems associated with UCT and CCT programs. It is important to highlight that there is diverse empirical evidence regarding support schemes and their effects on schooling, health and nutrition. However,...

This paper addresses the question whether taxes on unhealthy food are suitable for internalizing intergenerational externalities inflicted by parents when they decide on their children's diet. Within an OLG model with an imperfectly altruistic parent, the optimal steady state tax rate on...