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We show that molecular variation in DNA related to cognition, personality, health, and body shape, predicts an individual's equity market participation and risk aversion. Moreover, the molecular genetic endowments predict individuals' return perceptions, most of which we find to be strikingly...
Persistent link: https://www.econbiz.de/10012481186
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012453771
out in Baumrind 1967). Parents maximize an objective function that combines Beckerian altruism and paternalism towards …
Persistent link: https://www.econbiz.de/10012458452
In the United States, more than two-thirds of decedents with multichild families divide their estates exactly equally among their children. In contrast, intra vivos gifts are usually unequal. These findings challenge the validity of existing theories regarding the determination of...
Persistent link: https://www.econbiz.de/10012470959
Each year parents transfer a great deal of money to their adult children. While intuition might suggest that these transfers are altruistic and made out of concern for the well-being of the children, the fundamental prediction of the altruistic model has been decisively rejected in empirical...
Persistent link: https://www.econbiz.de/10012471176
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …
Persistent link: https://www.econbiz.de/10012471256
A substantial experimental literature suggests that a personal solicitation is an effective way to induce people to make charitable donations. We examine whether this result generalizes to a non-experimental setting. Specifically, we estimate the effect of a marginal personal solicitation using...
Persistent link: https://www.econbiz.de/10012463612
empirical work testing the seemingly appealing models of altruism and exchange has led to decidedly mixed results. A major … question that directly asks mother about the planned division of their estates. We find that both altruism and exchange are …
Persistent link: https://www.econbiz.de/10012468953
We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and their parents as well as the effects of incomes of other relatives on these flows. We relate the relative incomes of parents and parents in-law to transfer amounts given and...
Persistent link: https://www.econbiz.de/10012473334
motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making … standard altruism model augmented to include uncertain and liquidity constraints. These additional elements pin down the timing … heterogeneity across families in the degree of altruism. The findings strongly reject the altruism hypothesis. Redistributing one …
Persistent link: https://www.econbiz.de/10012473489