We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

; renegotiation-proofness ; altruism ; fertility ; saving ; transfers ; attention ; pensions ; credit rationing …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 …

We use a Barro-Becker model of endogenous fertility, in which parents are subject to idiosyncratic shocks that are … inequality in the long run. The planner uses the trade off between family size and future consumption and leisure, in addition to … long run properties of family size in the optimal contract and show that the long run trend in dynasty size can be either …

In a family context with endogenous timing, multiple public goods and alternative parental instruments, we show that …