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We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal … care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the …
Persistent link: https://www.econbiz.de/10013051795
We propose a model of parental altruism in relation with child habit formation, where children are unaware of their …
Persistent link: https://www.econbiz.de/10010201733
development regimes and it illustrates wider role of education in tackling possible development traps. -- growth ; human capital … ; education ; time discounting ; discount rate ; poverty …
Persistent link: https://www.econbiz.de/10003755176
The early contributions to the microeconomic literature assume that only market goods yield utility, and that the only way adults can secure the consumption of these goods in old age is by saving. The more recent contributions recognize, however, that the elderly derive utility also from goods...
Persistent link: https://www.econbiz.de/10014023481
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the … relationship between them. A FIG is a transfer from present to future generations, like parental investments in education and the …
Persistent link: https://www.econbiz.de/10014171655
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out efficient bargaining). The model...
Persistent link: https://www.econbiz.de/10009786034
This paper studies the determination of informal long-term care (family aid) to dependent elderly in a worst case scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible commitments (which rules out efficient bargaining). The model...
Persistent link: https://www.econbiz.de/10009792497
This is Chapter 10 of Environmental Economics: An Integrated Approach and it provides an overview of the environmental valuations commonly used in environmental economics prior to detailed treatments in later chapters
Persistent link: https://www.econbiz.de/10014160359
This is the Preface to Environmental Economics: An Integrated Approach, and it provides a description of the approach taken throughout the book. The approach is to first understand how environmental policy would be conducted in a world of "perfect information," then move on to sources of...
Persistent link: https://www.econbiz.de/10014160360
This article frames environmentally sound innovation in the context of transnational network theory with the goal of setting forth a preliminary framework for international legal policy coherence. I consider how network dynamics can facilitate broad diffusion of environmentally sound...
Persistent link: https://www.econbiz.de/10014164565