I am interested in intergenerational transfers within the family: time transfers like informal long-term care, grandparental childcare, etc; material transfers like bequests and gifts.
There is a large strand of literature about filial obligation, duty etc. I am trying to find theoretical literature opposing to this strand. So, if one of two daughters reduces her working hours and cares for her parents and another daughter does not provide any services, the first daughter should get more money in a form of bequest. So, it is no more about duty, but about informal payments for services in the family. I would be very thankful for your help!
Thank you very much! The first paper seemst to be really interesting! The second paper considers official family business, not intrafamilial informal services and payment for them. This is a strand I normally find if I search for "family as a firm".
Yes. Consider literature on business forms and structure that is more akin to family businesses. And if you are interested in the conflicted interest aspects, "the principal-agent" problem, or cronyism that takes place among family members who run the same business enterprise. Alternatively, the positive aspects of loyalty and trusts...
Technical Report Family Business Entrepreneurship. Report commissioned by the...
Thank you very much, Rebecca, it seems to be very useful!!!
Thank you, Shian-Loong! It is more about family business, but not about time transfers and money transfers in the family. I edited the formulation of my initial question because I see that it is very often misunderstood.
You might find this review of a New Zealand Court of Appeal decision useful, or at least food for thought.
http://www.loc.gov/law/foreign-news/article/new-zealand-court-of-appeal-finds-non-payment-of-family-caregivers-to-be-discriminatory/