Chapter 13 Microeconomic models of family transfers

Do downward private transfers enhance maternal labor supply? Evidence from around Europe

“…In keeping with the existing literature on transfer motivations (Laferrère and Wolff, 2006), it could well be argued that a strategic interaction between the daughter and the mother would be more relevant in our case. One could imagine a situation where not only the mother attempts to influence the daughter's labor supply by providing grandchild care services, but also the daughter attempts to extract transfers from her mother.…”

Financial bubbles and capital accumulation in altruistic economies

“…Other studies show lower shares. About two-thirds of the studies using U.S. data support the altruism model while those using French data support the selfish exchange model (Laferrere and Wolff, 2006).…”

Happiness functions with preference interdependence and heterogeneity: the case of altruism within the family

“…The question how widely and to what extent altruistic preferences are present in the population is important in various fields of economics. In public economics, the presence of altruism in a substantial fraction of the population may, by adjusting charitable giving and other voluntary transfers, neutralize governmental attempts at redistributing income between generations (Laferrere and Wolff, 2006). In macroeconomic growth modeling, it is crucial to distinguish between two different motivations for intergenerational transfer payments, altruism or joy of giving (Barro, 1974;Bertola et al, 2006).…”