Showing 1 - 10 of 564
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
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
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
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
In this paper, we examine and compare the impact of cultural differences on intergenerational altruism in Turkish …
Persistent link: https://www.econbiz.de/10011624230
Transfers from parents - either in the form of gifts or inheritances - have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total Inflows available to an individual (defined as the...
Persistent link: https://www.econbiz.de/10012815788
Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare losses found in several quasi-experimental studies. Research designs used in this prior literature are prone to attenuation bias due to spillovers from mobility or trading across control and...
Persistent link: https://www.econbiz.de/10012033276
We study the intergenerational transmission of welfare benefit receipt in Germany. We first describe the correlation between welfare receipt experienced in the parental household and subsequent own welfare receipt of young adults. In a second step, we investigate whether the observed...
Persistent link: https://www.econbiz.de/10014444190
This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside the province and document how the degree of...
Persistent link: https://www.econbiz.de/10010252132