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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
An optimal education subsidy formula is derived using an overlapping generations model with parental altruism. The … model predicts that public education subsidy is greater in economies with lesser parental altruism because a benevolent … government has to compensate for the shortfall in private education spending of less altruistic parents with a finite life. On …
Persistent link: https://www.econbiz.de/10011524110
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
An optimal education subsidy formula is derived using an overlapping generations model with parental altruism. The … model predicts that public education subsidy is greater in economies with lesser parental altruism because a benevolent … government has to compensate for the shortfall in private education spending of less altruistic parents with a finite life. On …
Persistent link: https://www.econbiz.de/10014193691
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
-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/10009792497
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 chapter examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. The contributions reviewed come from branches of economics as far apart as...
Persistent link: https://www.econbiz.de/10014023653
Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that motivates and guides much human behavior....
Persistent link: https://www.econbiz.de/10012130847