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Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10011397676
, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms …
Persistent link: https://www.econbiz.de/10011398913
reflecting low altruism - a discount rate on children's utility greater than the world interest rate - and I examine the … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …
Persistent link: https://www.econbiz.de/10009753002
First the assumption of self-interest as applied in Economics is presented. Here we also discuss areas in which (many) people behave less self- but more other-regarding than traditional economic models assume. Then, greedy behaviour is considered as existing in the political and economic...
Persistent link: https://www.econbiz.de/10010375177
Altruists and envious people who meet in contests are symbionts. They do better than a population of narrowly rational individuals. If there are only altruists and envious individuals, a particular mixture of altruists and envious individuals is evolutionarily stable.
Persistent link: https://www.econbiz.de/10011514081
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10011449990
-interest, providing strong evidence for pocketbook voting. However, social preferences like altruism, public good considerations and …
Persistent link: https://www.econbiz.de/10010496966
Guided by Bem's (1972) self-perception theory, we design an experiment to ask whether morally-motivated behaviour, e ….g., charitable giving, is history-dependent. Using a popular policy nudge, the default option, we exogenously vary altruism "now" and … show that giving “now” causes a 66%- 200% increase in the probability of giving "later"; that is, altruism begets altruism …
Persistent link: https://www.econbiz.de/10012801498
: "altruism" and "appreciation". We test our theoretical model's predictions by matching attitudes reported in the British Social …
Persistent link: https://www.econbiz.de/10012668262
The paper considers a two-country model of overlapping generations economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of education with and without capital markets integration....
Persistent link: https://www.econbiz.de/10009781565