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concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an …
Persistent link: https://www.econbiz.de/10013151652
This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger bequests to higher earning children and by using their...
Persistent link: https://www.econbiz.de/10013222309
In the standard analysis of an overlapping generations economy with gifts from children to parents, each generation takes the actions of all other generations as given. The resulting "simultaneous moves" equilibrium is dynamically inefficient. In reality, however, parents precede children in...
Persistent link: https://www.econbiz.de/10013232439
theories regarding the determination of intergenerational transfers. In this paper, we develop a theory that accounts for this … theory can also explain the norm of unigeniture, which prevails in other societies …
Persistent link: https://www.econbiz.de/10013233015
motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making … standard altruism model augmented to include uncertain and liquidity constraints. These additional elements pin down the timing … heterogeneity across families in the degree of altruism. The findings strongly reject the altruism hypothesis. Redistributing one …
Persistent link: https://www.econbiz.de/10013240529
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …This paper develops a theory of intergenerational exchange for generations that are either selfish or have non …
Persistent link: https://www.econbiz.de/10014157067
We compare the performance of markets and tournaments as allocative mechanisms in an economy with borrowing constraints. The model consists of a continuum of individuals who differ in their initial wealth and ability level (e.g. students) and that are to be assigned to a continuum of investment...
Persistent link: https://www.econbiz.de/10013239937
To understand the "pure" incentives of altruism, economic laboratory research on humans almost always forbids … communication between subjects. In reality, however, altruism usually requires interaction between givers and receivers, which … altruism are built on human sociality. We experimentally examine communication in which one subject allocates $10 between …
Persistent link: https://www.econbiz.de/10013138083
teenagers do not. The evidence is strongly consistent with the child-cycle pattern. Thus, while altruism drives some giving, the …
Persistent link: https://www.econbiz.de/10012776811
A substantial experimental literature suggests that a personal solicitation is an effective way to induce people to make charitable donations. We examine whether this result generalizes to a non-experimental setting. Specifically, we estimate the effect of a marginal personal solicitation using...
Persistent link: https://www.econbiz.de/10013152572