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- W2108289897 abstract "Inspired by Becker (1974), (1981), economists have returned to the classic idea that intrafamily decisions lie at the heart of many important aspects of economic behavior. Models of the family generally emphasize either altruism or strategic exchange as the major motivation for behavior. Models of altruism assume that family members provide services or transfers to one another because they care about each other. By contrast, strategic exchange models emphasize that family members exchange services for cash or in-kind transfers. For example, a child may provide attention to a parent in exchange for bequests. The strategic exchange models generally allow for altruistic behavior; strategic effects arise when one family member can induce another to exchange more services or transfers than the second member prefers to provide.1 Both types of models have been used to analyze how public policies affect family decisions." @default.
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- W2108289897 date "1996-01-01" @default.
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- W2108289897 title "Effects of Strategic Behavior and Public Subsidies on Families’ Savings and Long-Term Care Decisions" @default.
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- W2108289897 doi "https://doi.org/10.1007/978-1-4615-4096-0_4" @default.
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