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We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …
Persistent link: https://www.econbiz.de/10014384038
In the presence of endogenous growth intergenerational transfer from the young to the old reduce per capita income growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long-run growth. This paper shows that if individuals retire...
Persistent link: https://www.econbiz.de/10009781561
cultural background matter. -- Decision under pressure ; altruism ; social norms ; interdependent preferences ; excess of …
Persistent link: https://www.econbiz.de/10003771813
; tragic events and disasters ; survival ; quasi-natural experiment ; altruism …
Persistent link: https://www.econbiz.de/10003808139
-role behavior ; sabotage ; gift exchange ; social exchange ; conditional altruism ; reciprocity ; signaling game …
Persistent link: https://www.econbiz.de/10003803551
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010370317
We show that once interfamily exchanges are considered, Becker's rotten kids mechanism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of efficiency in the contribution game amongst siblings extends to a setting...
Persistent link: https://www.econbiz.de/10010252137
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the broader population and how they are associated with political...
Persistent link: https://www.econbiz.de/10012806641
This article studies whether people want to control which information on their own past pro-social behavior is revealed to other people. Participants in an experiment are assigned a color which depends on their own past pro-sociality. They can then spend money to increase or decrease the...
Persistent link: https://www.econbiz.de/10011966892
to transfers of gifts inter vivos. We suggest that the equal division motive competes with traditional altruism: support … income compensation should be stronger in one-child families and we expect the altruism motive to dominate the equal division …, which also support the equal division motive. -- Inter vivos gifts ; equal divisions altruism ; sibling comparisons …
Persistent link: https://www.econbiz.de/10003790974