search query: @indexterm Household economics / total: 243
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| Author: | Cox, D. Stark, O. |
| Title: | On the demand for grandchildren: tied transfers and the demonstration effect |
| Journal: | Journal of Public Economics
2005 : SEP, VOL 89:9-10, p. 1665-1697 |
| Index terms: | Household economics Intergenerational transfers Subsidies Families Children USA |
| Language: | eng |
| Abstract: | It is argued that parents provide help with housing downpayments to encourage the production of grandchildren (here as: g-chn.), related to the "demonstration effect". Parents desiring transfers in the future have an incentive to make transfers to their own parents to instill appropriate preferences in their children. This generates a derived demand for g-chn. Empirical work indicates behaviour consistent with subsidization of the production of g-chn. and the demonstration effect. |
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