Testing the altruism hypothesis with italian cohort data

Pietro Rizza ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper I follow Abel and Kotlikoff 1994 non-parametric approach based on consumption cohort data to test for intergenerational altruism among Italian households. The Italian socio-economic framework represents an interesting ground to test for the Barro’s 1974 model given the stronger family linkages usually present among Italian households. All tests reject altruism. Further, I evaluate how restrictive is the assumption of a zero correlation between the clan’s Euler errors and the demographic structure of the clan. I find no evidence of any major role played by the age composition of the clan and conclude that the zero correlation assumption is reasonable.

Keywords: Altruism; Intergenerational transfers, Italy (search for similar items in EconPapers)
JEL-codes: D63 D64 (search for similar items in EconPapers)
Date: 2008-01-15
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20561

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