Theories of commitment, altruism, and reciprocity have been invoked to explain and
describe behavior in public goods and social dilemma situations. Commitment has been …

Empirical findings suggest different causes for higher educational attainment among
children of high-income earners, either that poor parents are credit constrained, or that …

It is widely believed that children were an important source of retirement income for many
parents before the introduction of social security (see eg, IM Rubinow, 1934 pp. 245-6; …

We use estimates of parents' discount rate, inferred from their decisions to treat their
children's body burdens of lead, to test empirically a model of transmission of cognitive skills …

Intergenerational transfers and investment in human capital are of course not new issues in
neoclassical economics. All growth theories must address the issue of optimal savings …

Available evidence suggests that the generations of most families are linked by altruistic
human capital investment, rather than by altruistic financial transfers. What is the …

The use of GDP as the main index of progress and welfare of a country has been the subject
of a long debate among economists. Using and extending the savers-spenders theory, we …

I analyze the welfare implications of child labor restriction using an overlap** generations
model with two-sided altruism. Efficient allocation of child time generally results in a positive …

This article discusses issues involved in inferring the economic value of children's health
from estimates of the value of adult health. A central theme is that if health benefit transfers …

This paper describes alternative empirical techniques of economic analysis to assess the
monetary value of human health, and outlines the issues that arise when these techniques …