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The determinants of bargaining power in an empirical model of transfers between adult children, parents, and in-laws for South Korea

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  • Ham, John C.
  • Song, Heonjae

Abstract

We derive a bargaining model of transfers between adult children and their parents, and then estimate the model using data from South Korea. Our analysis extends the literature on family bargaining by i) arguing that transfers from the couple represent semiprivate consumption (e.g. it is plausible that the wife cares more about her parents than about the husband's parents, and vice-versa) and ii) using results from laboratory experiments to help identify the model.

Suggested Citation

  • Ham, John C. & Song, Heonjae, 2014. "The determinants of bargaining power in an empirical model of transfers between adult children, parents, and in-laws for South Korea," Journal of Development Economics, Elsevier, vol. 109(C), pages 73-86.
    • Handle: RePEc:eee:deveco:v:109:y:2014:i:c:p:73-86
    DOI: 10.1016/j.jdeveco.2014.03.004
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    6. Kieran, Caitlin, 2021. "Do Property Rights Affect the Efficiency and Intrahousehold Labor Allocations of Rural Ethiopian Households?," 2021 Annual Meeting, August 1-3, Austin, Texas 313971, Agricultural and Applied Economics Association.

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