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Income Insecurity and Youth Emancipation: A Theoretical Approach

  • Ana Fernandes , Sascha O Becker , Samuel Bentolila und Andrea Ichino
Veröffentlicht/Copyright: 17. Juli 2008
The B.E. Journal of Economic Analysis & Policy
Aus der Zeitschrift The B.E. Journal of Economic Analysis & Policy Band 8 Heft 1

Abstract

In this paper, we propose a theoretical model to study the effect of income insecurity of parents and offspring on the child's residential choice. Parents are partially altruistic toward their children and will provide financial help to an independent child when her income is low relative to the parents'. We find that children of more altruistic parents are more likely to become independent. However, first-order stochastic dominance (FOSD) shifts in the distribution of the child's future income (or her parents') have ambiguous effects on the child's residential choice. Parental altruism is the very source of ambiguity in the results. If parents are selfish or the joint income distribution of parents and child places no mass on the region where transfers are provided, a FOSD shift in the distribution of the child's (parents') future income will reduce (raise) the child's current income threshold for independence.

Keywords: partial altruism; emancipation; coresidence; income insecurity; option value; stochastic dominance
Published Online: 2008-7-17

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston

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https://doi.org/10.2202/1935-1682.1783
Schlagwörter für diesen Artikel
partial altruism; emancipation; coresidence; income insecurity; option value; stochastic dominance

Artikel in diesem Heft

  1. Frontiers Article
  2. The Causal Effect of Studying on Academic Performance
  3. The Market: Catalyst for Rationality and Filter of Irrationality
  4. Advances Article
  5. Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs
  6. Risk Attitude in Real Decision Problems
  7. The Effect of FDI on Job Security
  8. On the Optimal Allocation of Students and Resources in a System of Higher Education
  9. Giving It Away for Free? The Nature of Job-Market Signaling by Open-Source Software Developers
  10. Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002
  11. Lucky Last? Intra-Sibling Allocation of Child Labor
  12. Technological Proximity and Exclusive Buyer-Supplier Relationships
  13. The Internet and the Market for Daily Newspapers
  14. Optimal Policy with Heterogeneous Preferences
  15. A Representation Index: Measuring the Representation of Minorities in the Income Distribution
  16. Starting School at Four: The Effect of Universal Pre-Kindergarten on Children's Academic Achievement
  17. Contributions Article
  18. The Economics of Workaholism: We Should Not Have Worked on This Paper
  19. Millers, Commission Agents and Collusion in Grain Markets: Evidence from Basmati Auctions in North India
  20. Resources for Sale: Corruption, Democracy and the Natural Resource Curse
  21. Partners in Crime: Collusive Corruption and Search
  22. An Empirical Study of Happiness in Italy
  23. Fairness in Extended Dictator Game Experiments
  24. Income Insecurity and Youth Emancipation: A Theoretical Approach
  25. Pay Peanuts and Get Monkeys? Evidence from Academia
  26. Entry and Exit in the Nonprofit Sector
  27. Discrimination as a Competitive Device: The Case of Local Television News
  28. Predicting Resource Policy Outcomes via Meta-Regression: Data Space, Model Space, and the Quest for 'Optimal Scope'
  29. Functional Distribution, Land Ownership and Industrial Takeoff: The Role of Effective Demand
  30. Growth and Inequality in Closed and Open Economies: The Role of the Product Cycle
  31. Before and After: Gender Transitions, Human Capital, and Workplace Experiences
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  54. The Effect of Trade Facilitation on Sectoral Trade
  55. After-School Supervision and Children's Cognitive Achievement
  56. Does Crime Affect Economic Decisions? An Empirical Investigation of Savings in a High-Crime Environment
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