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How can parents secure old-age support in the form of care, attention or financial transfers from their children? We explore the enforcement of implicit intergenerational agreements from a fresh angle by studying the possibility that the child's conduct is conditioned by the parents' example....
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Most private giving between living generations takes the form of tied transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the demonstration...
Persistent link: https://www.econbiz.de/10010293715
It is argued that parents provide help with housing downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the ?demonstration effect:? a child?s propensity to furnish parents with attention and care can be conditioned by parental example....
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Most private giving between living generations takes the form of "tied" transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the "demonstration...
Persistent link: https://www.econbiz.de/10009728981
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