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Intergenerational transfers in rural households: A game theoretical approach

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  • Américo M. S. Carvalho Mendes

    (Faculdade de Economia e Gestão, Universidade Católica Portuguesa - Porto)

Abstract

The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and altruistic parents. The solution is consistent with facts” such as the “flexibility of inheritance systems” and the “generational fragmentation” of the family property when the economic opportunities expand outside the parental household.

Suggested Citation

  • Américo M. S. Carvalho Mendes, 2007. "Intergenerational transfers in rural households: A game theoretical approach," Working Papers de Economia (Economics Working Papers) 03, Católica Porto Business School, Universidade Católica Portuguesa.
    • Handle: RePEc:cap:wpaper:032007
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    References listed on IDEAS

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    More about this item

    Keywords

    intergenerational transfers; rural households; game theory;
    All these keywords.

    JEL classification:

    • J - Labor and Demographic Economics

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