Of rotten kids and Rawlsian parents: The optimal timing of intergenerational transfers
AbstractThis paper shows that altruistic parents with utilitarian preferences may fare better if they transfer resources to their children early in life instead of delaying the bulk of transfers until after their death. Moreover, the outcome of the analysed "family transfer game" is not Pareto-efficient in the case of bequests. However, if altruistic parents hold Rawlsian preferences, they will be indifferent between gifts and bequests, and Pareto-efficiency is always obtained. In intermediate cases of Atkinson-type welfare functions, welfare losses of bequests compared to gifts disappear as the aversion to inequality converges to infinity.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Journal of Population Economics.
Volume (Year): 13 (2000)
Issue (Month): 1 ()
Note: Received: 3 November 1998/Accepted: 4 May 1999
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00148/index.htm
More information through EDIRC
Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Shim, Ilhyock & Sharma, Sunil & Chami, Ralph, 2008.
"A Model of the IMF as a Coinsurance Arrangement,"
Economics - The Open-Access, Open-Assessment E-Journal,
Kiel Institute for the World Economy, vol. 2(14), pages 1-41.
- Chami, Ralph & Sharma, Sunil & Shim, Ilhyock, 2007. "A Model of the IMF as a Coinsurance Arrangement," Economics Discussion Papers 2007-26, Kiel Institute for the World Economy.
- Ralph Chami & Sunil Sharma & Ilhyock Shim, 2005. "A model of the IMF as a coinsurance arrangement," BIS Working Papers 170, Bank for International Settlements.
- Ralph Chami & Ilhyock Shim & Sunil Sharma, 2004. "A Model of the IMF as a Coinsurance Arrangement," IMF Working Papers 04/219, International Monetary Fund.
- Gil Epstein, 2007.
"Extremism within the family,"
Journal of Population Economics,
Springer, vol. 20(3), pages 707-715, July.
- Epstein, Gil S., 2006. "Extremism within the Family," IZA Discussion Papers 2199, Institute for the Study of Labor (IZA).
- Gil S. Epstein, 2006. "Extremism within the family," CReAM Discussion Paper Series 0606, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.