prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …

We identify the degree of intergenerational altruism in an OLG framework à la Barro exploiting the quasi … parameter of interest via the effect of changes in the tax rate on house prices. We find that the intergenerational altruism …

the degrees of filial and parental altruism and adjust them with their respective life expectancy and fertility rates. The … altruism than those in the other countries. Our welfare analyses reveal that the developing Asian countries must introduce more … filial altruism will trap the developing Asian countries at the current low levels of public old-age supports and social …

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …

the degrees of filial and parental altruism and adjust them for their respective life expectancy and fertility rates. The … adjusted degree of filial altruism tends to be low in developing Asia. Our welfare analyses reveal that the developing Asian … low adjusted degree of filial altruism may trap the developing Asian countries at the low levels of public old‐age support …