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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. Katrine Løken & Kjell Lommerud & Shelly Lundberg, 2013. "Your Place or Mine? On the Residence Choice of Young Couples in Norway," Demography, Springer;Population Association of America (PAA), vol. 50(1), pages 285-310, February.
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    12. repec:dau:papers:123456789/13781 is not listed on IDEAS
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    16. 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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    2. Bergeot, Julien & Tenand, Marianne, 2021. "Does informal care delay nursing home entry? Evidence from Dutch linked survey and administrative data," CEPREMAP Working Papers (Docweb) 2105, CEPREMAP.

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