Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062141 | Economics Letters | 2007 | 6 Pages |
Abstract
In this note, we use the theory of incentive contracting to characterize the pattern of financial transfers within the family. Using an altruistic model based on bounded rationality with one parent and two children, we show that the parent may provide a lower gift to the less well-off child, while bequests are always compensatory.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mohamed Jellal, François-Charles Wolff,