Altonji, Joseph G; Hayashi, Fumio; Kotlikoff, Laurence J - In: American Economic Review 82 (1992) 5, pp. 1177-98
This paper uses Panel Study of Income Dynamics data on parents and their adult children to test the standard altruism model. This model predicts that, within the extended family, the distribution of consumption is independent of the distribution of resources. The authors' findings strongly...