Parental Altruism and Inter Vivos Transfers: Theory and Evidence

Joseph Altonji, Fumio Hayashi and Laurence Kotlikoff

Journal of Political Economy, 1997, vol. 105, issue 6, 1121-66

Abstract: This paper uses Panel Study of Income Dynamics data on the extended family to test whether inter vivos transfers from parents to children are motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making transfers to a child coupled with a one-dollar reduction in that child's income results in a one-dollar increase in the parents' transfer to the child. The authors find that redistributing one dollar from a recipient child to donor parents leads to less than a thirteen-cent increase in the transfer--far less than the one-dollar increase implied by altruism. Copyright 1997 by the University of Chicago.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (467)

Downloads: (external link)
http://dx.doi.org/10.1086/516388 full text (application/pdf)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Parental Altruism and Inter Vivos Transfers: Theory and Evidence (1995)
Working Paper: Parental Altruism and Inter Vivos Transfers: Theory and Evidence (1995)
Working Paper: Parental Altruism and Inter Vivos Transfers: Theory and Evidence
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:ucp:jpolec:v:105:y:1997:i:6:p:1121-66

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().