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Persistent link: https://www.econbiz.de/10014417955
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
The purpose of this paper is to survey the theoretical literature on wealth transfer taxation. The focus is normative: we are looking at the design of an optimal tax structure from the standpoint of both equity and efficiency. The gist of this survey is that the optimal design crucially depends...
Persistent link: https://www.econbiz.de/10014023662
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children...
Persistent link: https://www.econbiz.de/10012290385
The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children...
Persistent link: https://www.econbiz.de/10012195770
Most models of family transfers consider only two generations and focus on two motives: altruism and exchange. They … transfers, such as strategic altruism, models with endogenous heterogeneous behavioral regimes (Becker, Cigno), and especially … (against altruism) with small compensatory effects of transfers both between and within generations, and (against exchange …
Persistent link: https://www.econbiz.de/10014023664
We introduce the perspective of identity economics to a formal model of rational choice of private transfers to examine the impact of geographical proximity on optimal time and money transfers within and outside of families. We argue that identities affect private transfers through the...
Persistent link: https://www.econbiz.de/10013502196
Common public-finance models suggest that tax competition between welfare states leads to a zero-taxation outcome in the absence of migration costs or other barriers to migration. This paper develops a two-region framework with mobile altruistic taxpayers and immobile welfare recipients. Tax...
Persistent link: https://www.econbiz.de/10010903120
Three theoretical hypotheses can explain the motives behind familial transfers given to the elders : altruism, exchange …
Persistent link: https://www.econbiz.de/10008578414