Private monetary transfers and altruism: an empirical investigation on Italian families
AbstractThe aim of this paper is to explore the motivation of monetary transfers received by household heads. Indeed, the financial transfers may be motivated by altruism or by the expectation of future services. For this reason, we select a sample of Italian families from the 2006 European Union Statistics on Income and Living Conditions (EU-SILC) dataset. The empirical analysis is divided into two parts. First, we consider the transfer decision and try to account for the factors that affect the probability that the household member will receive a transfer. Next, we restrict our analysis to those families who did receive a positive transfer and examine the factors that affect the size of the transfer. The economic interest in the intrinsic explanation of monetary transfers is supported by the efficacy of policy makers instruments. For this reason, we also explore the relationship between private and public financial transfers. The main contribution to the existing literature is to investigate the social motivation of private transfers and their implications in terms of policy in a unified framework.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36423.
Date of creation: 04 Feb 2012
Date of revision:
Altruism; Household behaviour; Cross-sectional Models;
Other versions of this item:
- Luigi Aldieri & Damiano Fiorillo, 2012. "Private monetary transfers and altruism: An empirical investigation on Italian families," Discussion Papers 12_2012, CRISEI, University of Naples "Parthenope", Italy.
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
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