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Why are American Parents More Altruistic Than Japanese Parents?

Author

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  • Mengyuan Zhou

    (Graduate School of Economics, Keio University)

Abstract

This paper aims at examining what are causing differences in altruistic bequest motive between Japanese and American parents. The evidence shows that the Americans are more altruistic than Japanese, and there is a significant difference between these two countries when all the other socio-economic variables controlled. Gender, household income, age and faith in religion have a significant impact on respondents'bequest motive. The Blinder-Oaxaca decomposition shows that more than 95% of the difference is explained by the differences in coefficients instead of the endowment effect.

Suggested Citation

  • Mengyuan Zhou, 2017. "Why are American Parents More Altruistic Than Japanese Parents?," Keio-IES Discussion Paper Series 2017-024, Institute for Economics Studies, Keio University.
    • Handle: RePEc:keo:dpaper:2017-024
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    More about this item

    Keywords

    Altruism; Self-interest; Bequest Motive;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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