Previous work on the effects of private income transfers has been confined to intra-family interactions. One implication of this work is that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the...

Previous work on the effects of private income transfers has been confined to intra-family interactions. One implication of this work is that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the...

The paper introduces labor supply considerations and labor earnings uncertainty into a parent-child framework in the presence of Becker's (1991) "merit goods." I investigate the implications of various parental bequest rules on the effort decisions of the offspring, where the parent cannot...

Fairness preferences fundamentally affect individual behavior and play an important role in shaping social and political institutions. However, people differ both with respect to what they view as fair and with respect to how much weight they attach to fairness considerations. In this paper, we...

Social capital defined as sympathy has capital-like properties including transformaton capacity, durability, flexibility, opportunities for decay (maintenance), reliability, ability to create other capital forms and investment (disinvestment) opportunities

Note: This is a description of the paper and not the actual abstract. This paper analyzes how transfers among family members affect the behavior of transfer recipients in the market and how market prices reflect the presence of non-market transfers. Parental and spousal transfers are motivated...

Do we praise altruistic acts because they produce social benefits or because they entail a personal sacrifice? Across five studies, we find that people mainly rely on personal cost rather than social benefit when evaluating prosocial actors. This occurs because sacrifice, but not benefit, is...

**The following is a description of the paper, and not the original abstract.** This paper investigates the optimal timing of bequests in a parent-adult child framework, in the presence of private information and an outside labor market. The adult child possesses private information regarding...

This paper is an empirical study of what motivates individuals to donate to a charity. It is based on a unique dataset from the English National Opera (ENO) which includes detailed information on attendance and both granted and actually consumed bene ts by all donors. We nd that individuals...

Previous work on the effects of intergenerational transfers has implied that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the aggregate level of transfers to affect the distribution of wages...