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Parental altruism under imperfect information: Theory and evidence

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dc.contributor.author Villanueva, Ernesto
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:18Z
dc.date.available 2017-07-26T10:50:18Z
dc.date.issued 2001-09-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=566
dc.identifier.uri http://hdl.handle.net/10230/1100
dc.description.abstract Can we reconcile the predictions of the altruism model of the family with the evidence on parental monetary transfers in the US? This paper provides a new assessment of this question. I expand the altruism model by introducing effort of the child and by relaxing the assumption of perfect information of the parent about the labor market opportunities of the child. First, I solve and simulate a model of altruism and labor supply under imperfect information. Second, I use cross-sectional data to test the following prediction of the model: Are parental transfers especially responsive to the income variations of children who are very attached to the labor market? The results of the analysis suggest that imperfect information accounts for many of the patterns of intergenerational transfers in the US.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 566
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Parental altruism under imperfect information: Theory and evidence
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:06:20Z
dc.subject.keyword altruism
dc.subject.keyword intergenerational transfers
dc.subject.keyword private information
dc.subject.keyword Labour, Public, Development and Health Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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