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Altruism as a motive for intergenerational transfers
Author(s) -
Fujiu Hiroshi,
Yano Makoto
Publication year - 2008
Publication title -
international journal of economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 11
eISSN - 1742-7363
pISSN - 1742-7355
DOI - 10.1111/j.1742-7363.2007.00070.x
Subject(s) - altruism (biology) , economics , payment , microeconomics , transfer payment , transfer (computing) , positive economics , social psychology , psychology , market economy , computer science , finance , parallel computing , welfare
This study investigates the role of altruism as a motive for transfer payments. In the existing literature on altruism, it is generally assumed that a transfer payment is made out of altruism that a transferor feels towards a transferee. This study demonstrates that this is not necessarily the case. By using a dynamic model in which children are altruistic towards parents, it demonstrates that such altruism may induce a parent to give a transfer to children.