Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …

Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German … developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …, and succession, which allow family businesses to thrive and to successfully compete with other businesses …

Can we reconcile the predictions of the altruism model of the family with the evidence on intervivos transfers in the … US? This paper expands the altruism model by introducing effort of the child and by relaxing the assumption of perfect … information of the parent about the labor market opportunities of the child. First, I solve and simulate a model of altruism under …

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, to provide … immiseration in consumption. We also discuss the implications of the model on the long run properties of family size in the optimal …