| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5378 |
| 来源ID | Working Paper 5378 |
| Parental Altruism and Inter Vivos Transfers: Theory and Evidence | |
| Joseph G. Altonji; Fumio Hayashi; Laurence Kotlikoff | |
| 发表日期 | 1995-12-01 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper uses PSID data on the extended family to test whether inter vivos transfers from parents to children are motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making transfers to a child coupled with a one dollar reduction in that child's income results in the parents increasing their transfer to the child by one dollar. This restriction on parental and child transfer-income derivatives is derived for the standard altruism model augmented to include uncertain and liquidity constraints. These additional elements pin down the timing of inter vivos transfers. The paper's method of estimating income-transfer derivatives takes into account unobserved heterogeneity across families in the degree of altruism. The findings strongly reject the altruism hypothesis. Redistributing one dollar from a recipient child to donor parents leads to less than a 13 cent increase in the parents' transfer to the child -- far less than the one dollar increase implied by altruism. |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics |
| URL | https://www.nber.org/papers/w5378 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562833 |
| 推荐引用方式 GB/T 7714 | Joseph G. Altonji,Fumio Hayashi,Laurence Kotlikoff. Parental Altruism and Inter Vivos Transfers: Theory and Evidence. 1995. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5378.pdf（875KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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