| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5353 |
| DP5353 Are loyalty-rewarding pricing schemes anti-competitive? | |
| Ramon Caminal; Adina Claici | |
| 发表日期 | 2005-11-11 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | 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 show that first-order stochastic dominance (FOSD) shifts in the distribution of the child's future income (or her parents') will have ambiguous effects on the child?s residential choice. The analysis identifies altruism as the 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. |
| 主题 | Labour Economics |
| 关键词 | Emancipation Job security Option value |
| URL | https://cepr.org/publications/dp5353 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534213 |
| 推荐引用方式 GB/T 7714 | Ramon Caminal,Adina Claici. DP5353 Are loyalty-rewarding pricing schemes anti-competitive?. 2005. |
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