TY  - RPRT
        AU  - Cigno, Alessandro
        TI  - A Constitutional Theory of the Family
        PY  - 2005/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1797
        UR  - https://www.iza.org/publications/dp1797
        AB  - 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 identifies 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.
        KW  - saving
KW  - fertility
KW  - altruism
KW  - renegotiation-proofness
KW  - self-enforcing constitutions
KW  - families
KW  - transfers
KW  - attention
KW  - pensions
KW  - credit rationing
        ER  -