Standard homo economicus lives in a world of complete markets and maximizes utility which is a function of his personal consumption. This approximation cannot account for parents making transfers to adult children, children taking care of old parents, nor for gifts, inheritance and many other...

This article deals with the role of labor unions in the privatization movement for developing countries. We consider the case of a public monopoly whose workers are members of a trade union and examine the consequences of its privatization. When the trade union and the rm bargain over the level...

Purpose – The purpose of this paper is to investigate the effect of self‐assessed health on retirement plans of older migrants living in France. As immigration is primarily associated with labor considerations, the role of economic incentives in the migration decision suggests that health...