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I study attitudes towards risk taking in cases where a person relates to others positively, namely altruistically. This … study is needed because it is unclear how altruism influences the inclination of an altruistic person to take risks. Will … this person's risk-taking behavior differ if the utility of another person does not enter his utility function? Does being …
Persistent link: https://www.econbiz.de/10014394252
, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk …-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk …
Persistent link: https://www.econbiz.de/10012131582
. This paper examines the determination of precautionary saving when people have access to intra-family risk sharing. I show … that, with uncertain future income, altruism per se can induce time consistent, however, not necessarily ex ante efficient …, risk sharing between risk averse spouses. The more altruistic the couple is, the closer is the solution to the efficient …
Persistent link: https://www.econbiz.de/10011587662
Persistent link: https://www.econbiz.de/10013448296
interpreted to mean that any other type of gift is evidence of paternal altruism. However, it is known (Linbeck and Weibull (1998 …)) that altruism creates an incentive for inefficient consumption in a multi-period model. Working within this context, I …
Persistent link: https://www.econbiz.de/10013148560
Persistent link: https://www.econbiz.de/10000969857
mechanisms. Firstly, in the so-called pure altruism model, the parent's utility is augmented by the utility of his child. This … transfer. In a second model, altruism is impure as the parents want the child to behave in a certain way: exchange and …. Tests usually conclude that the income pooling predicted by pure altruism is not observed, but family transfers are also far …
Persistent link: https://www.econbiz.de/10014023665
This discussion paper led to a publication in href=http://onlinelibrary.wiley.com/doi/10.1002/jae.1071/fullJournal of Applied Econometrics, 24(6), 993-1023.Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance....
Persistent link: https://www.econbiz.de/10011372976
, technological growth, the time-preference discount rate, the relative risk aversion, the production function, and the degree of … altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
Persistent link: https://www.econbiz.de/10010354604