In this paper, we examine the old-age security hypothesis according to which parents rear children because they expect the latter to care for them in their later years. In developing countries where there are no perfect capital markets, children are usually viewed as a potential source of income...

We develop a model of intergeneratioal coresidence and transfers within the family in a setting of asymmetric information. Following an exchange motive altruistic parents receive services from their children, who may make them financial gifts in return. However, parents do not know the privacyc...

Three theoretical hypotheses can explain the motives behind familial transfers given to the elders : altruism, exchange, and the demonstration effect theory where adults have to set an example by helping their elders if they want to be helped in turn by their children. This paper focuses on a...

This paper accounts for work sharing and unemployment in an efficiency wage model.The Solow condition holds when working hours are exogenous. Under the assumption of endogeneity and using general forms for the effort and cost functions, we prove that work sharing may have a reducing impact on...

In this paper, we extend the framework of the motives for familial solidarities to three generations. By focusing on upward transfers, we examine the demonstration effect hypothesis where individuals make transfers to their parents in order to be helped in return by their children. We show the...

In this article, we investigate the relevance of the glass ceiling hypothesis in France, according to which there exist larger gender wage gaps at the upper tail of the wage distribution. Using a matched worker-firm data set of about 1 30 000 employees and 14 000 employers, we estimate quantile...

In this paper, we examine how children care for their elderly parents and the motives of these family transfers, accounting for interactions between parents and their different children. We study a theoretical model of intergenerational transfers based on altruism, where siblings care for their...

We consider a model of international migration with heterogeneity in the skill level of workers which accounts for country−specific educational investment, unemployment expectations and return to the origin country. We prove that migrants invest less than natives in human capital formation...

When focusing on firm’s risk-aversion in industry equilibrium, the number of firms may be either larger or smaller when comparing market equilibrium with and without price uncertainty. In this paper, we introduce risk-averse firms under cost uncertainty in a model of spatial differentiation...

In this note, we use the theory of incentive contracting to characterize the pattern of financial transfers within the family. Using an altruistic model based on bounded rationality with one parent and two children, we show that the parent may provide a lower gift to the less well-off child,...