Altonji, Joseph G; Hayashi, Fumio; Kotlikoff, Laurence J - In: Journal of Political Economy 105 (1997) 6, pp. 1121-66
This paper uses Panel Study of Income Dynamics data on the extended family to test whether inter vivos transfers from parents to children are motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making transfers to a child...