The Manipulation of Children's Preferences, Old-Age Support, and Investment in Children's Human Capital
成果类型：
Article
署名作者：
Becker, Gary S.; Murphy, Kevin M.; Spenkuch, Joerg L.
署名单位：
University of Chicago; Northwestern University
刊物名称：
JOURNAL OF LABOR ECONOMICS
ISSN/ISSBN：
0734-306X
DOI：
10.1086/683778
发表日期：
2016
页码：
S3-S30
关键词：
摘要：
We consider the link between parents' influence over the preferences of children, parental investments in children's human capital, and children's support of elderly parents. It may pay for parents to spend resources to manipulate children's preferences in order to induce them to support their parents in old age. Since parents invest more in children when they expect greater support, manipulation of child preferences may end up helping children and parents. A new result, which we call the Rotten Parent Theorem, demonstrates that if children are altruistic, then even selfish parents will make the optimal investment in their children's human capital.
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