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Can we reconcile the predictions of the altruism model of the family with the evidence on intervivos transfers in the … US? This paper expands the altruism model by introducing e ?ort of the child and by relaxing the assumption of perfect … information of the parent about the labor market opportunities of the child. First, I solve and simulate a model of altruism under …
Persistent link: https://www.econbiz.de/10005772520
This paper presents a model of familial altruism in which labor supply is chosen endogenously. The model is used to …
Persistent link: https://www.econbiz.de/10014165377
Duty-orientation implies a warm glow of giving as well as a cold shiver of not giving enough. If duty-oriented consumers learn their moral responsibility by observing others' behavior, social interaction in contribution behavior arises. However, since moral responsibility is a burden,...
Persistent link: https://www.econbiz.de/10014219104
, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms …
Persistent link: https://www.econbiz.de/10011398913
loans ; social ties ; altruism ; peer-to-peer lending ; small business ; entrepreneurial finance ; microfinance ; missing …
Persistent link: https://www.econbiz.de/10009737925
This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...
Persistent link: https://www.econbiz.de/10009201235
, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms …
Persistent link: https://www.econbiz.de/10005419576
This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...
Persistent link: https://www.econbiz.de/10011071119
The constraint on informal finance is commonly taken to be high costs and limited supply. But the majority of informal investors – family and friends – is often willing to supply funds at negative returns, and yet many borrowers tap family and friends only as a last resort. We explain this...
Persistent link: https://www.econbiz.de/10010581013
In this paper we explore the patterns of the division of inter-vivos financial transfers from parents to adult children in a sample of 12 European countries. We exploit two waves of the Survey of Health, Aging, and Retirement in Europe (SHARE) for 50+. Contrary to previous studies, we find a...
Persistent link: https://www.econbiz.de/10010575433