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O Brother, Where Art Thou? We Need Your Help

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  • Steven Stern

Abstract

I generalize a model of children strategizing where to live by Konrad et al. (2002) (KKLR) to include more variation in family size and to allow for uncertainty in how each family member behaves. The inclusion of uncertainty has large e¤ects on the predictions of a KKLR-type model. I find that the KKLR model does not explain American data well, but an alternative model with the same reduced form does explain the data. Finally, the estimated amount of uncertainty has larger welfare implications than imperfections associated with the sequential structure of the KKLR game.

Suggested Citation

  • Steven Stern, 2014. "O Brother, Where Art Thou? We Need Your Help," Department of Economics Working Papers 14-08, Stony Brook University, Department of Economics.
  • Handle: RePEc:nys:sunysb:14-08
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    File URL: http://www.sunysb.edu/economics/research/papers/2014/OBrother_1408.pdf
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    1. Katrine Løken & Kjell Lommerud & Shelly Lundberg, 2013. "Your Place or Mine? On the Residence Choice of Young Couples in Norway," Demography, Springer;Population Association of America (PAA), vol. 50(1), pages 285-310, February.
    2. Steven Stern, 1995. "Estimating Family Long-Term Care Decisions in the Presence of Endogenous Child Characteristics," Journal of Human Resources, University of Wisconsin Press, vol. 30(3), pages 551-580.
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    16. Kureishi, Wataru & Wakabayashi, Midori, 2010. "Why do first-born children live together with parents?," Japan and the World Economy, Elsevier, vol. 22(3), pages 159-172, August.
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