Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94765
Authors: 
Lindbeck, Assar
Nyberg, Sten
Year of Publication: 
2001
Series/Report no.: 
IUI Working Paper 557
Abstract: 
Children who can count on support from altruistic parents may not try hard to succeed in the labor market. Moreover, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms which later cause their children to experience guilt or shame associated with failure to support themselves. While social insurance pools risk across families, we show that it also creates a free-rider problem among parents in terms of norm formation. We also examine the formation of norms requiring children to support their parents financially in old age.
Subjects: 
Work norms
Social insurance
Altruism
JEL: 
D19
D64
H31
Document Type: 
Working Paper

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