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In this paper, we examine and compare the impact of cultural differences on intergenerational altruism in Turkish …
Persistent link: https://www.econbiz.de/10011624230
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010370317
cross-dynastic intergenerational altruism, saving for one’s descendants benefits present members of other dynasties. These …
Persistent link: https://www.econbiz.de/10013041365
Economic preferences - like time, risk and social preferences - have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has examined how and when economic preferences are...
Persistent link: https://www.econbiz.de/10011800548
In an environment with asymmetric information the implementation of a first-best efficient Clarke-Groves-Vickrey (D’Aspremont-Gérard-Varet) mechanism may not be feasible if it has to be self-financing. By using intergenerational transfers, the arising budget deficit can generally be covered...
Persistent link: https://www.econbiz.de/10002756268
In the literature, several approaches have been taken to measure the impact of demographic ageing on public pension schemes, with particular attention being paid to potential fiscal imbalances across the generations involved in demographic transition. In this paper, we review three of these...
Persistent link: https://www.econbiz.de/10011514130
European integration forces system competition within European countries. This competition has important implications for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation has an incentive to invest in the human capital of the...
Persistent link: https://www.econbiz.de/10011398123
It has been argued that in the absence of altruism, intergenerational transfers can survive only if the old are net …
Persistent link: https://www.econbiz.de/10011398916
We study the importance of the extended family - the dynasty - for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents' siblings and cousins, their spouses, and the...
Persistent link: https://www.econbiz.de/10012001644
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012166025