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O Brother, Where Art Thou? We Need Your Help

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  • Steven Stern

Abstract

I generalize a model of children strategizing where to live by Konrad et al. (2002) (KKLR) to include more variation in family size and to allow for uncertainty in how each family member behaves. The inclusion of uncertainty has large e¤ects on the predictions of a KKLR-type model. I find that the KKLR model does not explain American data well, but an alternative model with the same reduced form does explain the data. Finally, the estimated amount of uncertainty has larger welfare implications than imperfections associated with the sequential structure of the KKLR game.

Suggested Citation

  • Steven Stern, 2014. "O Brother, Where Art Thou? We Need Your Help," Department of Economics Working Papers 14-08, Stony Brook University, Department of Economics.
    • Handle: RePEc:nys:sunysb:14-08
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    File URL: http://www.sunysb.edu/economics/research/papers/2014/OBrother_1408.pdf
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    References listed on IDEAS

    as
    1. Steven Stern, 1995. "Estimating Family Long-Term Care Decisions in the Presence of Endogenous Child Characteristics," Journal of Human Resources, University of Wisconsin Press, vol. 30(3), pages 551-580.
    2. Suzanne Bianchi & Kathleen McGarry & Judith Seltzer, 2010. "Geographic Dispersion and the Well-Being of the Elderly," Working Papers wp234, University of Michigan, Michigan Retirement Research Center.
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    4. Francisca M. Antman, 2012. "Elderly Care and Intrafamily Resource Allocation when Children Migrate," Journal of Human Resources, University of Wisconsin Press, vol. 47(2), pages 331-363.
    5. Tennille J. Checkovich & Steven Stern, 2002. "Shared Caregiving Responsibilities of Adult Siblings with Elderly Parents," Journal of Human Resources, University of Wisconsin Press, vol. 37(3), pages 441-478.
    6. Kathleen M. McGarry, 1998. "Caring for the Elderly: The Role of Adult Children," NBER Chapters, in: Inquiries in the Economics of Aging, pages 133-166, National Bureau of Economic Research, Inc.
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    9. Hiedemann, Bridget & Stern, Steven, 1999. "Strategic play among family members when making long-term care decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 40(1), pages 29-57, September.
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    11. Kureishi, Wataru & Wakabayashi, Midori, 2010. "Why do first-born children live together with parents?," Japan and the World Economy, Elsevier, vol. 22(3), pages 159-172, August.
    12. Elie Tamer, 2003. "Incomplete Simultaneous Discrete Response Model with Multiple Equilibria," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(1), pages 147-165.
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    14. Roméo Fontaine & Agnès Gramain & Jérôme Wittwer, 2009. "Providing care for an elderly parent: interactions among siblings?," Health Economics, John Wiley & Sons, Ltd., vol. 18(9), pages 1011-1029, September.
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    16. Meliyanni Johar & Shiko Maruyama, 2012. "Externality and Strategic Interaction in the Location Choice of Siblings under Altruism toward Parents," Working Papers 201201, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    17. repec:dau:papers:123456789/1879 is not listed on IDEAS
    18. David Byrne & Michelle S. Goeree & Bridget Hiedemann & Steven Stern, 2009. "Formal Home Health Care, Informal Care, And Family Decision Making," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1205-1242, November.
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