English title: The power of the family
Author(s): Alberto Alesina - Paola Giuliano -
Type: Journal article
We study the importance of family ties on economic behavior. We define our measure of family ties using individual responses from the World Value Survey (WVS) regarding the role of the family and the love and respect that children are expected to have for their parents in 81 countries. We show that with strong family ties home production is higher and families larger, labor force participation of women and youngsters, and geographical mobility lower. To assess causality, we look at the behavior of second generation immigrants. Our results overall indicate a significant influence of the strength of family ties on economic outcomes.
From page no: 93
To page no: 125
Journal: Journal of economic growth (Boston)