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the degrees of filial and parental altruism and adjust them with their respective life expectancy and fertility rates. The … parentally altruistic than the former. Especially, people in developing Asia have notably lower adjusted degrees of filial … altruism than those in the other countries. Our welfare analyses reveal that the developing Asian countries must introduce more …
Persistent link: https://www.econbiz.de/10011944170
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
Persistent link: https://www.econbiz.de/10011421495
prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …
Persistent link: https://www.econbiz.de/10012430036
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/10012543994
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/10012059172
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/10010324743
The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...
Persistent link: https://www.econbiz.de/10010321811
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...
Persistent link: https://www.econbiz.de/10012430038
-cycle model as well as saving motives that are consistent with the altruism model are important in Europe implies that the two … suggests that this model is far more applicable in Europe than is the altruism model. Moreover, our finding that the … intergenerational transfers motive, which is the saving motive that most exemplifies the altruism model, accounts for only about one …
Persistent link: https://www.econbiz.de/10015054181
Millions of families migrate every year in search of better opportunities. Whether these opportunities materialize for the children brought with them depends on the quality of the destination that their parents selected. Exploiting variation in the age of migration, I analyze the impact of...
Persistent link: https://www.econbiz.de/10014554644