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Two-sided altruism as a motive for intergenerational transfer

Author

Listed:
  • Fujiu Hiroshi

    (Chiba Keizai University, Faculty of Economics, 3-59-5 Todoroki, Inage, Chiba 263-0021, Japan)

  • Yano Makoto

    (Research Institute of Economy, Trade and Industry (RIETI), Tokyo, Japan)

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.

Suggested Citation

  • Fujiu Hiroshi & Yano Makoto, 2019. "Two-sided altruism as a motive for intergenerational transfer," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(4), pages 1-8, September.
    • Handle: RePEc:bpj:sndecm:v:23:y:2019:i:4:p:8:n:4
    DOI: 10.1515/snde-2019-0019
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    Citations

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    Cited by:

    1. Hiroshi Fujiu, 2021. "Business Cycles in a Two-Sided Altruism Model," Mathematics, MDPI, vol. 9(17), pages 1-12, August.

    More about this item

    Keywords

    altruism; intergenerational transfers; transfer motive;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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