We test for the motivation for private inter-household transfers of income by modeling transfer behavior under two alternative hypotheses: altruistic and exchange-motivated transfers. Knowing the underlying motivation for private income transfers is important because such motivation determines...

This paper tests for the motives for private income transfers. We consider two motives: altruism and exchange. The question of private transfer motives is important because such motivation can influence the effects of public income transfers on the distribution of income. Using a household...

This paper explores the liquidity constraint on consumer liabilities. While much empirical evidence attests to the importance of liquidity constraints in the U.S. economy, evidence about the effects of borrowing constraints on consumer balance sheets is scarce. Using the 1983 Survey of Consumer...

This paper tests for the motives for private income transfers. We consider two motives: altruism and exchange. The question of private-transfer motives is important because such motivation can influence the effects of public income transfers on the distribution of income. Using a household...

Despite recent advances in data collection and the growing number of empirical studies that examine private intergenerational transfers, there still exist significant gaps in our knowledge. Who transfers what to whom, and why do they it? I argue that some of these gaps could be filled by...

Can Eastern European families most severely impoverished during the transition to capitalism rely on private family safety nets? This question is likely critical for the transition's success, but little is known about family networks in Eastern Europe. We analyze newly available Polish household...

This chapter uses data from the 1992/93 and 1997/98 Vietnam Living Standards Surveys (VLSS) to describe patterns of money transfers between households. Rapid economic growth during the 1990's did little to diminish the importance of private transfers in Vietnam. Private transfers are large and...

Consumption is partly a social activity, yet most studies of consumer behavior treat households in isolation. We investigate familial relationships in consumption patterns using a sample of parents and their children from the Panel Study of Income Dynamics. We find a positive and statistically...

Private, inter-household income transfers in the Philippines are large and widespread. They are responsive to the economic status of households. Transfers are targeted to households headed by the non-employed and those without access to retirement pensions. Among the very poorest households,...