Parental Altruism and Inter Vivos Transfers: Theory and Evidence

Abstract

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Intergenerational transfers and European families: Does the number of siblings matter?

“…Much of the existing research on intergenerational transfers uses an altruistic model (McGarry 1997;Zissimopoulos and Smith 2010;Altonji et al 1997). This suggests that parents transfer money due to the altruistic feelings towards their children.…”

“…Existing research is rich and fruitful, and has proved exceptionally insightful over the past 20 years, to the extent that we now know a great deal about the supporting role played by the extended family throughout the life course (Berry 2008;Cox 1987;Hurd et al 2007;Attias-Donfut et al 2005;Altonji et al 1997;Albertini, Kohli, and Vogel 2006;Hurd et al 2007;Albertini and Radl 2012;McGarry and Schoeni 1995;Kohli 1999). Yet, intergenerational transfers are about families, and in existing analysis the family structure, in terms of family size, birth order and variance clustering, is largely absent from the empirical and theoretical framework.…”

“…Research on intergenerational transfers has, however, tended to ignore family size and birth order, due to a lack of multilevel methods and a focus on economic variables such as parental income (Cox 1987;Altonji et al 1997;McGarry 1997;Zissimopoulos and Smith 2010). This tendency may be distorting the possible inferences regarding social mobility and the interaction between the family and the welfare state, which underpin intergenerational transfers' substantive contributions.…”

Substitution Effects in Parental Investments

“…Cox (1987) and Cox and Rank (1992) …nd that children's incomes are positively correlated with inter-vivos parental transfers. Altonji et al (1997) estimate that parental transfers decrease by 13 cents when a parent loses one dollar and a child gains a dollar. These …ndings largely cast doubt on the unitary model.…”

Les transferts ascendants au Bangladesh, une décision familiale?

“…La première consiste à étudier l'impact des fl ux publics sur les solidarités familiales, comme le font Cox et Jakubson (1995), Schoeni (2002) ou bien encore Kang et Lee (2003). La seconde se concentre sur les seuls transferts familiaux dont il convient de rechercher les motivations, en testant notamment la validité des prédictions du modèle altruiste (Cox, 1987;Altonji et al, 1997). Si ce dernier modèle est vérifi é, on s'attend à ce que les aides bénéfi cient principalement aux membres les moins fortunés de la famille.…”