This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The con- tract may contain two types of incentives for...

We study how the political cost of enforcing a lockdown in response to the COVID- 19 outbreak relates to citizens' propensity for altruistic punishment in Italy, the early epicenter of the pandemic. Approval for the government's management of the crisis decreases with the amount of the penalties...

We use data from a gender-neutral dictator and public goods game setting to analyze differences in other-regarding preferences between boys and girls aged 10 to 17. The results indicate a higher mean of dictator giving, degree of egalitarian decisions and lower frequency of selfish decisions,...

We extend the literature structurally estimating social preferences by accounting for the desire to adhere to social norms. Our representative agent is strongly motivated by norms and failing to account for this causes us to overestimate how much agents care about helping those who are worse...

Parental investments significantly impact children’s outcomes. Exploiting panel data covering individuals from birth to retirement, we estimate child skill production functions and embed them into an estimated dynastic model in which altruistic mothers and fathers make investments in their...