MOTIVES FOR MONEY-TRANSFERS WITHIN FAMILIES: THE ROLE OF TRANSFERS ON EDUCATION
Juan Mora () and
Ana Moro-Egido
Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)
Abstract:
This work presents a theoretical framework to study if the motive for money-transfers within families is altruism or exchange. We propose models which explicitly incorporate transfers on education as an additional family transfer. Our models allows us to discriminate between the two possible motivations in any situation. We also derive some econometric specifications from our models and report empirical evidence on them using data from the PSID, considering separately inter-vivos transfers and bequests. In both cases, we find evidence against the altruism hypothesis, but not against the exchange hypothesis, and these conclusions could not be reached without taking into account transfers on education. Finally, we also test the econometric specifications by comparing the conditional distribution of monetary family transfers induced by our models and their actual conditional distribution, and the degree of similarity between them proves to be reasonably good.
Keywords: Altruism; Intertemporal choice; limited dependent variable models (search for similar items in EconPapers)
Pages: 34 pages
Date: 2003-11
References: View references in EconPapers View complete reference list from CitEc
Citations:
Published by Ivie
Downloads: (external link)
http://www.ivie.es/downloads/docs/wpasad/wpasad-2003-37.pdf Fisrt version / Primera version, 2003 (application/pdf)
Related works:
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:ivi:wpasad:2003-37
Access Statistics for this paper
More papers in Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) Contact information at EDIRC.
Bibliographic data for series maintained by Departamento de Edición ().