the laissez-faire solution in a pure market economy, and in one where reproductive decisions and intra-family transfers … are constrained by self-enforcing family constitutions. Section 5 introduces the state, and shows that first and second … rather than family level. Another type of model looks for voting equilibria in direct, and in representative democracies. …

their children. According to another, such negotiations are made unnecessary by self-enforcing family rules. Fertility … way adults can secure the consumption of these goods in old age is by saving. The more recent contributions recognize … working-age people to man the physical capital and materially take care of the elderly. The link between fertility- and aging …

decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and …

that the only way adults can secure the consumption of these goods in old age is by saving. More recent contributions … question whether public provision of pensions and other facilities for the elderly raises welfare even when it crowds out … family-level arrangements. …

decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and …

The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution … effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

fields of education, health, cash transfers, taxation and personal social services. In addition, the labour market and … policies linked to work and family reconciliation are discussed. The report also offers a brief overview of the context in …

Government subsidies to higher education have recently become a hot button political issue. But what if the federal … government doesn't actually subsidize higher education, but rather, taxes it? This article gauges efficient investment levels … return to higher education have remained much higher than the rates of return to other investments. This article proposes a …