We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …

include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research …

incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for … crowding out of intrinsic motivation. By comparison, wage gifts are ineffective. Additional treatments show that it is the …

This paper makes use of two field experiments to explore individual effort responses to gifts. We extend the literature … by looking at nonfinancial gifts and gifts that combine financial and nonfinancial elements with or without adding a … ``personal touch.'' We find that non-pecuniary gifts that signal worker appreciation induce reciprocity. Most importantly, we …

This paper makes use of two field experiments to explore individual effort responses to gifts. We extend the literature … by looking at nonfinancial gifts and gifts that combine financial and nonfinancial elements with or without adding a … “personal touch.” We find that non-pecuniary gifts that signal worker appreciation induce reciprocity. Most importantly, we find …