Tough love and intergenerational altruism

Vipul Bhatt, Masao Ogaki

研究成果: Chapter

抄録

This chapter develops and studies a tough love model of intergenerational altruism. We model tough love by modifying the Barro-Becker standard altruism model in two ways. First, the child's discount factor is endogenously determined, so lower childhood consumption leads to a higher discount factor later in life. Second, the parent evaluates the child's lifetime utility with a constant high discount factor. Our model predicts that parental transfers will fall when the child's discount factor falls. This is in contrast with the standard altruism model, which predicts that parental transfers are independent of exogenous changes in the child's discount factor.

本文言語English
ホスト出版物のタイトルBehavioral Interactions, Markets, and Economic Dynamics
ホスト出版物のサブタイトルTopics in Behavioral Economics
出版社Springer Japan
ページ43-78
ページ数36
ISBN(電子版)9784431555018
ISBN(印刷版)9784431555001
DOI
出版ステータスPublished - 2015 9 12

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)
  • ビジネス、管理および会計(全般)
  • 心理学(全般)

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