EconPapers    
Economics at your fingertips  
 

Altruistic Bequests with Inherited Tastes

Mohamed Jellal () and François-Charles Wolff

International Journal of Business and Economics, 2002, vol. 1, issue 2, 95-113

Abstract: This paper examines the altruistic model of bequest when a child inherits life standard aspirations from his parents. We prove that the impact of the aspiration effect on transfers can be positive or negative, depending on both the strength of inherited tastes and the coefficients of risk aversion for the parent and the child. However, numerical illustrations indicate that the case for a negative effect is rather weak. Using a French data set on transfers within the family, we investigate how transmission habits affect the level of private assistance. We show that parents are more likely to help their children when they have themselves received money from their own parents. Hence, any public program that affects current transfers also influences family transfers in the future.

Keywords: altruism; bequest; inherited tastes; risk aversion (search for similar items in EconPapers)
JEL-codes: D64 J2 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.01-2/pdf/vol_1-2-2.pdf (application/pdf)
https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.01-2/abstract/02.html (text/html)

Related works:
Working Paper: Altruistic Bequests with Inherited Tastes (2002) Downloads
Working Paper: Altruistic bequests with inherited tastes (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ijb:journl:v:1:y:2002:i:2:p:95-113

Access Statistics for this article

International Journal of Business and Economics is currently edited by Hsiang-Tsai Chiang (Editor-in-Chief), Chiung-Ju Huang (Editor-in-Chief), Feng-Jyh Lin (Associate Editor), Tzu-Ching Weng (Associate Editor), Hsin-Yi Huang (Managing Editor) and Szu-Hsien Ho (Managing Editor)

More articles in International Journal of Business and Economics from School of Management Development, Feng Chia University, Taichung, Taiwan Contact information at EDIRC.
Bibliographic data for series maintained by Szu-Hsien Ho ().

 
Page updated 2025-03-24
Handle: RePEc:ijb:journl:v:1:y:2002:i:2:p:95-113