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Risk-Sharing, Altruism, and the Factor Structure of Consumption

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NBER1991-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3834
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We consider four models of consumption that differ with respect to efficient risk-sharing and altruism. They range from complete markets with altruism to family risk-sharing. We use a matched sample of parents and independent children available from the Panel Study of Income Dynamics to discriminate
提供机构:
美国国家经济研究局
创建时间:
1991-09-01
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