Two-sided altruism as a motive for intergenerational transfer
-
Hiroshi Fujiu
and
Makoto Yano
Abstract
This paper reconsiders the role of altruism as a motive for an intergenerational transfer and characterizes the relationship between intergenerational transfers and altruism. The main finding is that transfers to children do not disappear even if altruism from parents to children weakens. The paper also shows that as altruism from children to parents becomes stronger, a transfer to children initially decreases and then increases once the degree of altruism is beyond a certain level; in other words, transfers may increase even if altruism from the transferee to the transferor becomes stronger. These findings sharply contrast with the common assumption in the existing literature that an intergenerational transfer is motivated by altruism from the transferor to the transferee.
Acknowledgements
Financial support by the Grant-in-Aid for Specially Promoted Research #23000001, and that for Scientific Research (A) #16H02015 is gratefully acknowledged.
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©2019 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Editorial
- Business cycles and indeterminacy in economic models: a special issue in Honor of Professor Kazuo Nishimura
- Research Articles
- Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models
- Bubble on real estate: the role of altruism and fiscal policy
- Two-sided altruism and time inconsistency
- Pollution, carrying capacity and the Allee effect
- Hopf bifurcation and the existence and stability of closed orbits in three-sector models of optimal endogenous growth
- A new route to the rapid growth of the service sector: rise of the standard of living
- Two-sided altruism as a motive for intergenerational transfer
- Optimal growth in the Robinson-Shinkai-Leontief model: the case of capital-intensive consumption goods
Articles in the same Issue
- Editorial
- Business cycles and indeterminacy in economic models: a special issue in Honor of Professor Kazuo Nishimura
- Research Articles
- Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models
- Bubble on real estate: the role of altruism and fiscal policy
- Two-sided altruism and time inconsistency
- Pollution, carrying capacity and the Allee effect
- Hopf bifurcation and the existence and stability of closed orbits in three-sector models of optimal endogenous growth
- A new route to the rapid growth of the service sector: rise of the standard of living
- Two-sided altruism as a motive for intergenerational transfer
- Optimal growth in the Robinson-Shinkai-Leontief model: the case of capital-intensive consumption goods
