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that there are large inter-country differences in the degree of selfishness and altruism, with the Japanese and Chinese … religiosity appear to be the main cause of inter-country differences in the degree of selfishness and altruism. …
Persistent link: https://www.econbiz.de/10010348289
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used …
Persistent link: https://www.econbiz.de/10012291218
prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …
Persistent link: https://www.econbiz.de/10012195738
Persistent link: https://www.econbiz.de/10003798203
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
Persistent link: https://www.econbiz.de/10010354604
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
Persistent link: https://www.econbiz.de/10003971781
A major challenge in the study of saving behavior is how to disentangle different motives for saving. We approach this question in the context of an entire life-cycle model. Specifically, we identify the importance of different saving motives by simultaneously accounting for wealth accumulation...
Persistent link: https://www.econbiz.de/10012835785
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10012733915
-cycle model as well as saving motives that are consistent with the altruism model are important in Europe implies that the two … suggests that this model is far more applicable in Europe than is the altruism model. Moreover, our finding that the … intergenerational transfers motive, which is the saving motive that most exemplifies the altruism model, accounts for only about one …
Persistent link: https://www.econbiz.de/10015047840