Inter-Household Private Transfers and Underlying Motives: Evidence for Bulgaria
The effects of interactions between private transfer behaviour and income redistribution policies depend on the motives underlying private income transfers. This paper tests for two different potential motives: pure altruism versus simple exchange, in the presence of capital market imperfections. Using household survey data for Bulgaria, microeconometric evidence is found that both motives are in effect. We also find evidence that capital market imperfections are likely to be binding for consumption smoothing, and hence are an important cause of private transfers. The results indicate that social security benefits "crowd out" the amount of private transfers received but not the incidence of private transfers. Finally, private transfers play an important role as a safety net as they significantly decrease poverty rates and the inequality of income distribution.
Volume (Year): (2007)
Issue (Month): 25 (June)
|Contact details of provider:|| Postal: |
Phone: + 351 239 790 500
Fax: + 351 239 40 35 11
Web page: http://notas-economicas.fe.uc.pt/index_en.htm
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:gmf:journl:y:2007:i:25:p:59-74. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sara Santos)
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.