Intra-Household Transfers and the Part-Time Work of Children
We analyse the labour supply of 16-year-old British children together with the cash transfers made to them by their parents. We develop a theoretical model with an altruistic parent and a selfish child, which serves as a basis for the empirical specification in which labour supply and transfers are jointly determined. We show how parental transfers and the child’s labour supply are dependent on each other. Consideration of this is important when assessing the influence of other factors.
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- Becker, Gary S, 1981. "Altruism in the Family and Selfishness in the Market Place," Economica, London School of Economics and Political Science, vol. 48(189), pages 1-15, February.
- Michael, Robert T & Tuma, Nancy Brandon, 1984. "Youth Employment: Does Life Begin at 16?," Journal of Labor Economics, University of Chicago Press, vol. 2(4), pages 464-76, October.
- Blundell, Richard W & Smith, Richard J, 1989. "Estimation in a Class of Simultaneous Equation Limited Dependent Variable Models," Review of Economic Studies, Wiley Blackwell, vol. 56(1), pages 37-57, January.
- John Micklewright & Najma Rajah & Stephen Smith, 1994. "Labouring and Learning: Part-Time Work and Full-Time Education," National Institute Economic Review, National Institute of Economic and Social Research, vol. 148(1), pages 73-97, May.
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