A constitutional theory of the family
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identi?es circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The behavioural and policy implications are illustrated by showing the effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or not, but contrast sharply with the predictions of more conventional models.
|Date of creation:||May 2005|
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Web page: http://www.carloalberto.org/child-collegiocarloalberto/
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- Gary S. Becker & Robert J. Barro, 1988.
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- Douglas Bernheim, B. & Ray, Debraj, 1989. "Collective dynamic consistency in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 295-326, December.
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qt9wv3h5jb, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Alessandro Cigno & Gianna Giannelli & Furio Rosati & Daniela Vuri, 2006.
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Review of Economics of the Household,
Springer, vol. 4(3), pages 183-204, 09.
- Cigno, Alessandro & Giannelli, Gianna Claudia & Rosati, Furio C. & Vuri, Daniela, 2004. "Is There Such a Thing as a Family Constitution? A Test Based on Credit Rationing," IZA Discussion Papers 1116, Institute for the Study of Labor (IZA).
- Cigno, Alessandro, 1993. "Intergenerational transfers without altruism : Family, market and state," European Journal of Political Economy, Elsevier, vol. 9(4), pages 505-518, November.
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