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 … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …

maternal leave exacerbates the shock which pleads against long leaves. Similarly, cash transfers to mothers via the income … form of Income Tax Credits) are not only useful to exit the wage trap, but also to speed up recovery and reduce the child …

We study the role and design of private and public insurance programs when informal care is uncertain. Children …'s degree of altruism is randomly distributed over some interval. Social insurance helps parents who receive a low level of care …

while children’s altruism is not. The traditional topping up and opting out policies are special cases of ours. Both total … and informal care should increase with the children's level of altruism. This obtains under full and asymmetric … explained by the need to provide incentives to high-altruism children. The implementing contract is always such that social care …

scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible …