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A note on altruism and caregiving in the family: do prices matter?

Listed author(s):
  • Shoshana Grossbard

    ()

Exchanges of work for money and altruism are two alternative explanations for bequests, transfers from children to older parents, and in-family caregiving. Such exchanges may also occur in couples living together and are therefore a major theme in economic analyses of marriage. This note emphasizes two ways that the literature on altruism and inter-generational monetary transfers and the economic literature on marriage can enrich each other: the concept of price for in-family caregiving can be expanded along the lines of the analysis of Work-In-Household and market analyses of marriage can pay more attention to altruism as an alternative explanation for observed behaviors such as labor supply or consumption. Copyright Springer Science+Business Media New York 2014

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File URL: http://hdl.handle.net/10.1007/s11150-014-9260-y
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Article provided by Springer in its journal Review of Economics of the Household.

Volume (Year): 12 (2014)
Issue (Month): 3 (September)
Pages: 487-491

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Handle: RePEc:kap:reveho:v:12:y:2014:i:3:p:487-491
DOI: 10.1007/s11150-014-9260-y
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  1. Cheolsung Park, 2014. "Why do children transfer to their parents? Evidence from South Korea," Review of Economics of the Household, Springer, vol. 12(3), pages 461-485, September.
  2. José Molina, 2014. "Altruism and monetary transfers in the household: inter- and intra-generation issues," Review of Economics of the Household, Springer, vol. 12(3), pages 407-410, September.
  3. Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 11-26, Part II, .
  4. J. Emery & Ana Ferrer, 2009. "Marriage market imbalances and labor force participation of Canadian women," Review of Economics of the Household, Springer, vol. 7(1), pages 43-57, March.
  5. Charles Horioka, 2014. "Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans," Review of Economics of the Household, Springer, vol. 12(3), pages 411-437, September.
  6. Scott Adams & John Heywood & Laurie Miller, 2014. "Caregivers, firm policies and gender discrimination claims," Review of Economics of the Household, Springer, vol. 12(2), pages 359-377, June.
  7. Li-Jung Ku & Sally Stearns & Courtney Houtven & George Holmes, 2012. "The health effects of caregiving by grandparents in Taiwan: an instrumental variable estimation," Review of Economics of the Household, Springer, vol. 10(4), pages 521-540, December.
  8. Grossbard-Shechtman, Shoshana Amyra, 1984. "A Theory of Allocation of Time in Markets for Labour and Marriage," Economic Journal, Royal Economic Society, vol. 94(376), pages 863-882, December.
  9. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
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