his paper examines altruism and exchange models of familial relationships. It first examines the predictions of these models when there are more than two family members, demonstrating that altruism with multiple altruists is similar to the classic public good model. The paper also examines...

The development of a vibrant private sector has been one of the key failures of the transitional period of Russia. This paper develops a theoretical and empirical model of individual labor supply behavior under uncertainty, and estimates this model using data from the Russian Longitudinal...

In this paper the authors examine the scope of cross-country variation in institutions related to social insurance. Building on the variation they find they assess the value of new micro data that is comparable across countries to help identify key parameters of individual behavior. They present...

What are the health impacts of retirement? As talk of raising retirement ages in pensions and social security schemes continues around the world, it is important to know both the costs and benefits for the individual as well as government budgets. The authors use the Survey of Health, Aging and...

The theoretical and empirical literature on parental investment focuses on whether child-specific parental investments reinforce or compensate for a child's initial endowments. However, many parental investments, such as neighborhood quality and family size and structure, are shared wholly or in...

After almost three decades of sustained economic growth, Indonesia is currently in the midst of a major economic and financial crisis. This paper seeks to contribute new evidence on three questions: who has been affected most by the crisis, how they have been affected and how they have responded...

This paper examines the impact of childhood health on a series of SES outcomes observed during adulthood. These outcomes include levels and trajectories of education, family income, household wealth, individual earnings and labor supply. The analysis is conducted using unique data that collects...

The authors formulate a stylized structural model of health, wealth accumulation and retirement decisions building on the human capital framework of health provided by Grossman. They explicitly assume a functional form of the utility function and carefully account for initial conditions, which...

This research addresses the effect of prescription drug insurance coverage on the use and expenditures for prescription medications in the elderly.