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Strategic transfers, redistributive fiscal policies, and family bonds: a micro-economic analysis

机译:战略转移,再分配性财政政策和家庭纽带:微观经济分析

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This paper presents a micro-economic model to analyze intergen-erational exchange in which the utility maximizing decisions of "selfish" children on family services, labor market activities, and leisure are determined endogenously. We show that altruistic parents' financial transfers have a disincentive effect on the labor supply of their children and that the children's equilibrium income is positively correlated with parental income. Based on the theoretical model, we find that redistributing US$1 from children to their parents increases parental transfers by less than US$1, implying that inter-generational public transfers are Ricardian non-neutral. However, the non-neutral redistributive transfers may enhance intergenerational family bonds because the equilibrium levels of services rendered by children to their parents increase.
机译:本文提出了一种微观经济模型来分析代际交流,其中内生地确定了最大化“自私”儿童对家庭服务,劳动力市场活动和休闲的决策的效用。我们表明,利他父母的财务转移对其子女的劳动力供给具有抑制作用,并且子女的均衡收入与父母收入呈正相关。根据理论模型,我们发现,将1美元从孩子身上重新分配给父母,会使父母的转移支付少于1美元,这意味着世代间的公共转移是里卡德非中立的。但是,非中性的再分配转移可能会增强代际家庭之间的联系,因为儿童向父母提供的服务的均衡水平提高了。

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