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altruism seems to motivate many public subsidies such as Medicaid in the US. We stress that standard remedies to the two …
Persistent link: https://www.econbiz.de/10012466741
For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in consumption, which ensures that a long-run steady state...
Persistent link: https://www.econbiz.de/10012466061
This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger bequests to higher earning children and by using their...
Persistent link: https://www.econbiz.de/10012476325
The philanthropic sector is highly consequential, particularly in the United States, and the most important policies directed toward this sector are tax policies. Yet most economic analysis of the optimal tax treatment of charitable giving is ad hoc, treating it as a subject unto itself. This...
Persistent link: https://www.econbiz.de/10014421177
Using nationally representative data on consumption, we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing, jewelry, and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all sub-populations, that...
Persistent link: https://www.econbiz.de/10012465258
We empirically test an information economics based theory of social preferences in which ego utility and self … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts … crowd out a consumer's self-inference of altruism from buying a good bundled with a charitable donation. Alternative …
Persistent link: https://www.econbiz.de/10012457193
Persistent link: https://www.econbiz.de/10000664750
firm, Knowledge Networks. We randomly manipulate the perceived race and worthiness of the charity recipients by showing …
Persistent link: https://www.econbiz.de/10012463585
The extant experimental design to investigate warm glow and altruism elicits a single measure of crowd-out. Not … recognizing that impure altruism predicts crowd-out is a function of giving-by-others, this design's power to reject pure altruism … varies with the level of giving-by-others, and it cannot identify the strength of warm glow and altruism preferences. These …
Persistent link: https://www.econbiz.de/10012458170
donations yield greater explanatory power than the standard model of impure altruism …
Persistent link: https://www.econbiz.de/10012460630