Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data

Joseph Altonji, Fumio Hayashi and Laurence Kotlikoff

American Economic Review, 1992, vol. 82, issue 5, 1177-98

Abstract: This paper uses Panel Study of Income Dynamics data on parents and their adult children to test the standard altruism model. This model predicts that, within the extended family, the distribution of consumption is independent of the distribution of resources. The authors' findings strongly reject this prediction. Copyright 1992 by American Economic Association.

Date: 1992
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