In this paper we discuss a number of hypotheses about motives for intergenerational transfers within the family. We use data on time and money transfers between generations in Malaysia, where there is neither Social Security nor Medicare, to explore these hypotheses empirically.

This paper studies allocation on the housing market by means of discrete choice models with availability constraints. This approach arises when uncertainty about the availability of some alternatives is introduced within the conventional framework of discrete choice models. Availability...

Kelvin Lancaster considered a commodity as a bundle of characteristics or a bunch of vectors. The demand for a commodity is therefore a demand for its characteristics. Those characteristics may include time (whether a commodity is old or new), place (its location), positional value (whether it...

Data from three waves of the Indonesian Family Life Survey (IFLS) are used to examine attrition in the context of a large scale panel survey conducted in a low income setting.

O'Connell and Zeldes (1993) have shown that the dynamic inefficiency result of a standard gift model is reversed if parents can undersave strategically. I impose an explicit non-negativity constraint on gifts, which - for all the numerical examples suggested by O'Connell and Zeldes - alters this...