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adjusted degree of filial altruism tends to be low in developing Asia. Our welfare analyses reveal that the developing Asian … the degrees of filial and parental altruism and adjust them for their respective life expectancy and fertility rates. The … low adjusted degree of filial altruism may trap the developing Asian countries at the low levels of public old‐age support …
Persistent link: https://www.econbiz.de/10014111883
Persistent link: https://www.econbiz.de/10011971963
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
theory, and the theory of age structured life cycles in economic equilibrium and growth. The work is highly abstract but much …Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary … overlapping generation models, social security systems, and population growth. …
Persistent link: https://www.econbiz.de/10012027303
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
Persistent link: https://www.econbiz.de/10010354604
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
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an … and the relative shares of the two systems may be explained and are determined by the population growth rate …, technological growth, the time-preference discount rate, the relative risk aversion, the production function, and the degree of …
Persistent link: https://www.econbiz.de/10011326408
Most models of family transfers consider only two generations and focus on two motives: altruism and exchange. They … transfers, such as strategic altruism, models with endogenous heterogeneous behavioral regimes (Becker, Cigno), and especially … (against altruism) with small compensatory effects of transfers both between and within generations, and (against exchange …
Persistent link: https://www.econbiz.de/10014023664
mechanisms. Firstly, in the so-called pure altruism model, the parent's utility is augmented by the utility of his child. This … transfer. In a second model, altruism is impure as the parents want the child to behave in a certain way: exchange and …. Tests usually conclude that the income pooling predicted by pure altruism is not observed, but family transfers are also far …
Persistent link: https://www.econbiz.de/10014023665
This paper studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural People's Republic of China, using a...
Persistent link: https://www.econbiz.de/10014280029