Parental altruism and inter vivos transfers: theory and evidence
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...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1995
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
5378 |
| Schlagworte: | |
| Zusammenfassung: | 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. |
| Beschreibung: | 43 S. |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV010749892 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 960510s1995 xxu |||| 00||| eng d | ||
| 035 | |a (OCoLC)34109750 | ||
| 035 | |a (DE-599)BVBBV010749892 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-19 |a DE-521 | ||
| 050 | 0 | |a KF734 | |
| 100 | 1 | |a Altinji, Joseph G. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Parental altruism and inter vivos transfers |b theory and evidence |c Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff |
| 264 | 1 | |a Cambridge, Mass. |c 1995 | |
| 300 | |a 43 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 5378 | |
| 520 | |a 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. | ||
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Income |x Effect of altruism on |x Econometric models | |
| 650 | 4 | |a Intergenerational relations |x Economic aspects | |
| 650 | 4 | |a Living trusts | |
| 700 | 1 | |a Hayashi, Fumio |d 1952- |e Verfasser |0 (DE-588)130323136 |4 aut | |
| 700 | 1 | |a Kotlikoff, Laurence J. |d 1951- |e Verfasser |0 (DE-588)128845007 |4 aut | |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 5378 |w (DE-604)BV002801238 |9 5378 | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-007178702 | ||
Datensatz im Suchindex
| _version_ | 1804125229393379328 |
|---|---|
| any_adam_object | |
| author | Altinji, Joseph G. Hayashi, Fumio 1952- Kotlikoff, Laurence J. 1951- |
| author_GND | (DE-588)130323136 (DE-588)128845007 |
| author_facet | Altinji, Joseph G. Hayashi, Fumio 1952- Kotlikoff, Laurence J. 1951- |
| author_role | aut aut aut |
| author_sort | Altinji, Joseph G. |
| author_variant | j g a jg jga f h fh l j k lj ljk |
| building | Verbundindex |
| bvnumber | BV010749892 |
| callnumber-first | K - Law |
| callnumber-label | KF734 |
| callnumber-raw | KF734 |
| callnumber-search | KF734 |
| callnumber-sort | KF 3734 |
| callnumber-subject | KF - United States |
| ctrlnum | (OCoLC)34109750 (DE-599)BVBBV010749892 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02416nam a2200373 cb4500</leader><controlfield tag="001">BV010749892</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">960510s1995 xxu |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)34109750</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV010749892</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-19</subfield><subfield code="a">DE-521</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">KF734</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Altinji, Joseph G.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Parental altruism and inter vivos transfers</subfield><subfield code="b">theory and evidence</subfield><subfield code="c">Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="c">1995</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">43 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">5378</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Income</subfield><subfield code="x">Effect of altruism on</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Intergenerational relations</subfield><subfield code="x">Economic aspects</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Living trusts</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hayashi, Fumio</subfield><subfield code="d">1952-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130323136</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Kotlikoff, Laurence J.</subfield><subfield code="d">1951-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)128845007</subfield><subfield code="4">aut</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">5378</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">5378</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-007178702</subfield></datafield></record></collection> |
| id | DE-604.BV010749892 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:58:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007178702 |
| oclc_num | 34109750 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM DE-521 |
| owner_facet | DE-19 DE-BY-UBM DE-521 |
| physical | 43 S. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Altinji, Joseph G. Verfasser aut Parental altruism and inter vivos transfers theory and evidence Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff Cambridge, Mass. 1995 43 S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 5378 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. Ökonometrisches Modell Income Effect of altruism on Econometric models Intergenerational relations Economic aspects Living trusts Hayashi, Fumio 1952- Verfasser (DE-588)130323136 aut Kotlikoff, Laurence J. 1951- Verfasser (DE-588)128845007 aut National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 5378 (DE-604)BV002801238 5378 |
| spellingShingle | Altinji, Joseph G. Hayashi, Fumio 1952- Kotlikoff, Laurence J. 1951- Parental altruism and inter vivos transfers theory and evidence National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Income Effect of altruism on Econometric models Intergenerational relations Economic aspects Living trusts |
| title | Parental altruism and inter vivos transfers theory and evidence |
| title_auth | Parental altruism and inter vivos transfers theory and evidence |
| title_exact_search | Parental altruism and inter vivos transfers theory and evidence |
| title_full | Parental altruism and inter vivos transfers theory and evidence Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff |
| title_fullStr | Parental altruism and inter vivos transfers theory and evidence Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff |
| title_full_unstemmed | Parental altruism and inter vivos transfers theory and evidence Joseph G. Altonji ; Fumio Hayashi ; Laurence Kotlikoff |
| title_short | Parental altruism and inter vivos transfers |
| title_sort | parental altruism and inter vivos transfers theory and evidence |
| title_sub | theory and evidence |
| topic | Ökonometrisches Modell Income Effect of altruism on Econometric models Intergenerational relations Economic aspects Living trusts |
| topic_facet | Ökonometrisches Modell Income Effect of altruism on Econometric models Intergenerational relations Economic aspects Living trusts |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT altinjijosephg parentalaltruismandintervivostransferstheoryandevidence AT hayashifumio parentalaltruismandintervivostransferstheoryandevidence AT kotlikofflaurencej parentalaltruismandintervivostransferstheoryandevidence |