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paper, we construct a neoclassical growth model where intergenerational altruism is endogenous and entails costly sacrifices … conditions, altruism determines the level of intergenerational bequests and ultimately the accumulation of physical capital and … accumulate altruism in the long run whenever the ‘marginal degree of altruism’ is sufficiently high. Second, we find that the …
Persistent link: https://www.econbiz.de/10013204734
Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...
Persistent link: https://www.econbiz.de/10011282461
Despite a widespread interest in the warm glow model [Andreoni (1989,1990)], surprisingly most attention focused on the voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium. In this paper, we introduce the notion of...
Persistent link: https://www.econbiz.de/10010280776
embodying both reciprocity and altruism we show that unconditional altruism towards other members attenuates the punishment … contributions. Increases in altruism may also reduce the level of benefits from the public project net of contribution costs and … punishment costs. The negative effect of altruism on cooperation and material payoffs is greater the stronger is the reciprocity …
Persistent link: https://www.econbiz.de/10010287831
This study investigates the prevalence and extent of altruism by examining the relationship between parents' and their …
Persistent link: https://www.econbiz.de/10010315538
Extensive research in economics explores generosity in monetary allocations, while generosity in non-laboratory contexts often involves the allocation of consumption goods or non-monetary harm. Psychological evidence suggests that generosity may be higher in such contexts. We compare generosity...
Persistent link: https://www.econbiz.de/10010316844
To what extent do people avoid taxes on intra-family transfers (bequests and gifts), and how would integration (unification) of the different transfers taxes affect tax avoidance? These issues are important for families and their welfare, as well as for governments and their possibilities of...
Persistent link: https://www.econbiz.de/10010321612
that, with uncertain future income, altruism per se can induce time consistent, however, not necessarily ex ante efficient …
Persistent link: https://www.econbiz.de/10010321761
The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...
Persistent link: https://www.econbiz.de/10010321811
We investigate a setting in which members of a population, bifurcated into a majority and a minority, transact with randomly matched partners. All members are uniformly altruistic, and each transaction can be carried out cooperatively or through a market mechanism, with cooperative transactions...
Persistent link: https://www.econbiz.de/10013204695