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作者:[Anonymous]
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作者:Fey, M; Kim, J
作者单位:University of Rochester
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作者:Duggan, J; Roberts, J
作者单位:University of Rochester; University of Rochester; University of Toronto
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作者:Pinegar, JM
作者单位:Brigham Young University
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作者:Konrad, KA; Künemund, H; Lommerud, KE; Robledo, JR
作者单位:Free University of Berlin; Free University of Berlin; University of Bergen
摘要:We study the residential choice of siblings who are altruistic towards their parents. The firstborn child's location choice influences the behavior of the second-born child and can shift some of the burden of providing care for the parents from one child to the other. These strategic considerations lead to an equilibrium location pattern with firstborn children locating further away from their parents than second-born children. We also analyze the location choices empirically using German data...
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作者:Mookherjee, D; Ray, D
作者单位:Boston University; New York University
摘要:Can historical wealth distributions affect long-run output and inequality despite rational saving, convex technology and no externalities? We consider a model of equilibrium short-period financial contracts, where poor agents face credit constraints owing to moral hazard and limited liability. If agents have no bargaining power, poor agents have no incentive to save: poverty traps emerge and agents are polarized into two classes, with no interclass mobility. If instead agents have all the barg...
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作者:Cassiman, B; Veugelers, R
作者单位:University of Navarra; KU Leuven
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作者:Gradstein, M; Justman, M
作者单位:Ben-Gurion University of the Negev; Ben-Gurion University of the Negev