According to the demonstration effect theory, parents make intergenerational transfers to their elders in order to elicit a symmetric future behavior from their children. In this paper we show that upstream transfers are expected to increase with low returns from alternative financial assets and...

In this paper, we examine how children care for their elderly parents and the motives of these family transfers, accounting for interactions between parents and their different children. We study a theoretical model of intergenerational transfers based on altruism, where siblings care for their...

In this paper, we examine the pure exchange motive for intergenerational transfers within the family. We consider a model where a parent offers a financial transfer in exchange for the care services of the child. Using a Stackelberg game, we study the optimal attention care-money contract...

In this paper, we extend the framework of the motives for familial solidarities to three generations. By focusing on upward transfers, we examine the demonstration effect hypothesis where individuals make transfers to their parents in order to be helped in return by their children. We show the...

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

In this paper, we examine the pure exchange motive for intergenerational transfers within the family. We consider a model where a selfish parent offers a financial transfer in exchange for the services of the child. Using a Stackelberg game, we study the optimal attention-money contract between...