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dc.contributor.authorBecker, Saschaen_UK
dc.contributor.authorFernandes, Anaen_UK
dc.contributor.authorBentolila, Samuelen_UK
dc.contributor.authorIchino, Andreaen_UK
dc.description.abstractIn 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.en_UK
dc.publisherThe Berkeley Electronic Pressen_UK
dc.relationBecker S, Fernandes A, Bentolila S & Ichino A (2008) Income Insecurity and Youth Emancipation: A Theoretical Approach. BE Journal of Economic Analysis and Policy, 8 (1).;
dc.rightsPublished in The B.E. Journal of Economic Analysis & Policy. Copyright © 2008 The Berkeley Electronic Press.en_UK
dc.subjectpartial altruismen_UK
dc.subjectincome insecurityen_UK
dc.subjectoption valueen_UK
dc.subjectstochastic dominanceen_UK
dc.subjectJEL Classification: J1, J2en_UK
dc.subjectHome economicsen_UK
dc.subjectParent and childen_UK
dc.titleIncome Insecurity and Youth Emancipation: A Theoretical Approachen_UK
dc.typeJournal Articleen_UK
dc.citation.jtitleBE Journal of Economic Analysis and Policyen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.affiliationUniversity of Bernen_UK
dc.contributor.affiliationCenter for Monetary and Financial Studies, Spainen_UK
dc.contributor.affiliationUniversity of Bolognaen_UK
rioxxterms.typeJournal Article/Reviewen_UK
local.rioxx.authorBecker, Sascha|en_UK
local.rioxx.authorFernandes, Ana|en_UK
local.rioxx.authorBentolila, Samuel|en_UK
local.rioxx.authorIchino, Andrea|en_UK
local.rioxx.projectInternal Project|University of Stirling|
local.rioxx.filenameFernandes Becker Bentolila Ichino 2008 BEJEAP Income Insecurity and Youth Emancipation - A Theoretical Approach.pdfen_UK
Appears in Collections:Economics Journal Articles

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