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Parental altruism under imperfect information: theory and evidence
Villanueva, Ernesto - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
Understanding if altruism motivates intergenerational monetary transfers is crucial to assess the effectiveness of … public policies that redistribute income across generations. Previous works have rejected the altruism hypothesis. This paper … presents an altruism model that incorporates effort of the child and introduces imperfect information of parents about the …
Persistent link: https://www.econbiz.de/10010547132
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Fiscal policy, composition of intergenerational transfers, and income distribution
Alonso-Carrera, Jaime; Caballé, Jordi; Raurich, Xavier - Barcelona Graduate School of Economics (Barcelona GSE) - 2009
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
Persistent link: https://www.econbiz.de/10010547299