Ilciukas, Julius, Florian Pelgrin, Giuseppe Sorrenti and Pascal St-Amour (2026), “Till Death (or Divorce) do Us Part: Household Wealth and Labor Dynamics under Community of Property Matrimonial Regime” (in progress)
- Abstract: Under the Community of Assets matrimonial regime, agents in couples share assets acquired after marriage and are each entitled to pre-specified shares of household wealth. We propose and solve both non-cooperative and cooperative life cycle models with generalized recursive preferences (i.e. non-expected utility) featuring age-dependent mortality and divorce risks, altruism towards the partner, when both are alive and living in the couple, and after own death when the widowed partner becomes singles and inherits household resources. We analyze the effects of partners’ sharing rules, differential age, mortality, wages, and wealth between partners. We also study how opposing life cycle profiles of divorce and mortality risks contribute to the joint puzzles of under-savings by younger agents, and under-dissavings by elders.
- Online Appendix: Dutch Civil Code (Google translated)
Conte, Giorgia and Pascal St-Amour (2026), “Formal and Informal Child and Long-term Care and Intra-family Transfers” (in progress)
- Abstract: We analyze the time and resources spent on both formal and informal care in extended family structures involving children, adults and elders. In particular, we propose a non-cooperative OLG model featuring life cycle decisions on formal and informal child care, as well as formal and informal long-term care choices made by both adults and elders. We numerically solve the model to identify the cross-generational effects of policy changes on formal child- and long-term care to elders.