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Raising Children to Work Hard: Altruism, Work Norms and Social Insurance
Assar Lindbeck Stockholm University - Institute for International Economic Studies (IIES); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Research Institute of Industrial Economics (IFN) Sten Nyberg Stockholm University - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research) June 2001 CESifo Working Paper Series No. 498 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.
Keywords: Work Norms, Social Insurance, Altruism JEL Classifications: Z13, D19, D64, H31 Working Paper SeriesDate posted: August 01, 2001 ; Last revised: September 01, 2004Suggested CitationContact Information
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