reflecting low altruism - a discount rate on children's utility greater than the world interest rate - and I examine the … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …

. In the model agents receive heterogeneous utility from pure and impure altruism (Andreoni 1989) that permits warm glow to … vary between monetary donations and volunteering, thus allowing preferences for impure altruism to rationalize inefficient … allocation decisions. We define a measure of the price of impure altruism as the additional proportion of income sacrificed by a …

minimum altruism, in which child labor in a given family is judged relative to a specific social standard. Under this … criterion, child labor is exploitative only in families where the parent (or guardian) displays insufficient altruism towards …

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …