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Optimal policy towards families with different amounts of social capital, in the presence of asymmetric information and stochastic fertility

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dc.creator Cigno, Alessandro
dc.creator Luporini, Annalisa
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:04Z
dc.date.available 2013-10-16T07:03:04Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19128
dc.identifier ppn:510019498
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19128
dc.description We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple has children is conditional on the level of reproductive activity undertaken. The probability that a child will have high earning ability is positively conditioned not only by the level of educational investment undertaken by the child?s parents, but also by the social capital of the latter. The optimal policy includes two transfers, one conditional on number of births, the other on the children?s earning ability.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1664
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D13
dc.subject D82
dc.subject D78
dc.subject J13
dc.subject H31
dc.subject ddc:330
dc.subject education
dc.subject stochastic fertility
dc.subject child benefits
dc.subject pensions
dc.subject scholarships
dc.subject social capital
dc.subject asymmetric information
dc.subject multi-agency
dc.subject Familienleistungsausgleich
dc.subject Familienpolitik
dc.subject Social Capital
dc.subject Bildungsinvestition
dc.subject Fruchtbarkeit
dc.subject Asymmetrische Information
dc.subject Humankapital
dc.subject Theorie
dc.title Optimal policy towards families with different amounts of social capital, in the presence of asymmetric information and stochastic fertility
dc.type doc-type:workingPaper


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