Testing the altruism hypothesis with italian cohort data
AbstractIn this paper I follow Abel and Kotlikoff 1994 non-parametric approach based on consumption cohort data to test for intergenerational altruism among Italian households. The Italian socio-economic framework represents an interesting ground to test for the Barro’s 1974 model given the stronger family linkages usually present among Italian households. All tests reject altruism. Further, I evaluate how restrictive is the assumption of a zero correlation between the clan’s Euler errors and the demographic structure of the clan. I find no evidence of any major role played by the age composition of the clan and conclude that the zero correlation assumption is reasonable.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20561.
Date of creation: 15 Jan 2008
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Altruism; Intergenerational transfers; Italy;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
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- Kotlikoff, Laurence J, 1988.
"Intergenerational Transfers and Savings,"
Journal of Economic Perspectives,
American Economic Association, vol. 2(2), pages 41-58, Spring.
- Altonji, Joseph G & Siow, Aloysius, 1987.
"Testing the Response of Consumption to Income Changes with (Noisy) Panel Data,"
The Quarterly Journal of Economics,
MIT Press, vol. 102(2), pages 293-328, May.
- Joseph G. Altonji & Aloysius Siow, 1986. "Testing the Response of Consumption to Income Changes with (Noisy) PanelData," NBER Working Papers 2012, National Bureau of Economic Research, Inc.
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