IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_2000_num_142_1_5988.html
   My bibliography  Save this article

Les transferts versés aux enfants et aux parents : altruisme ou échange intertemporel?

Author

Listed:
  • François-Charles Wolff

Abstract

[eng] Transfers Paid to Children and Parents : Altruism or Intertemporal Exchange ? . by François-Charles Wolff . This article studies family transfers paid by an intermediate generation (pivot) to its adult children and parents. This solicitation from both sides may be explained by an intertemporal exchange, whereby selfish pivots lend money to the young to be paid back later. Conversely, it may be explained by the pivots' altruism towards their children and parents. An econometric analysis based on the 1992 CNAV Three Generations survey reveals that financial assistance to children is mainly an investment in human capital and that assistance to ascendants is mainly determined by the needs of the assisted parents. Although this assistance hardly reflects a contractual reimbursement by the pivots, the altruistic model is also rejected by the data. [fre] Cet article étudie les transferts familiaux versés par une génération intermédiaire pivot à ses enfants adultes et à ses parents. Cette double sollicitation peut être expliquée par un échange intertemporel où les pivots égoïstes prêtent de l'argent aux jeunes pour être remboursés ultérieurement, ou bien par l'altruisme des pivots à l'égard des enfants et des parents. L'analyse économétrique réalisée à partir de l'enquête Cnav Trois Générations 1992 révèle que les aides aux enfants correspondent principalement à des investissements dans le capital humain et que les aides aux ascendants sont principalement déterminées par les besoins des parents aidés. Si celles-ci ne traduisent guère un remboursement contractuel de la part des pivots, le modèle altruiste s'avère également rejeté d' après les données.

Suggested Citation

  • François-Charles Wolff, 2000. "Les transferts versés aux enfants et aux parents : altruisme ou échange intertemporel?," Économie et Prévision, Programme National Persée, vol. 142(1), pages 67-91.
  • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2000_num_142_1_5988
    Note: DOI:10.3406/ecop.2000.5988
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.2000.5988
    Download Restriction: no

    File URL: https://www.persee.fr/doc/ecop_0249-4744_2000_num_142_1_5988
    Download Restriction: no

    References listed on IDEAS

    as
    1. François-Charles Wolff, 2000. "Transferts monétaires "inter vivos" et cycle de vie," Revue Économique, Programme National Persée, vol. 51(6), pages 1419-1452.
    2. François-Charles Wolff, 2000. "Transferts et redistribution familiale collective," Revue Économique, Programme National Persée, vol. 51(1), pages 143-162.
    3. Gary S. Becker & Nigel Tomes, 1994. "Human Capital and the Rise and Fall of Families," NBER Chapters,in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 257-298 National Bureau of Economic Research, Inc.
    4. Kimball, Miles S., 1987. "Making sense of two-sided altruism," Journal of Monetary Economics, Elsevier, vol. 20(2), pages 301-326, September.
    5. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467-467.
    6. Anne Laferrere, 1999. "Intergenerational Transmission Models: A Survey," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 24(1), pages 2-26, January.
    7. Donald Cox & Oded Stark, 1996. "Intergenerational Transfers and the Demonstration Effect," Boston College Working Papers in Economics 329., Boston College Department of Economics.
    8. Ehrlich, Isaac & Lui, Francis T, 1991. "Intergenerational Trade, Longevity, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 1029-1059, October.
    9. Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, "undated". "The Effects of Income and Wealth on Time and MOney Transfers Between Parents and Children," IPR working papers 96-5, Institute for Policy Resarch at Northwestern University.
    10. Cigno, Alessandro, 1993. "Intergenerational transfers without altruism : Family, market and state," European Journal of Political Economy, Elsevier, vol. 9(4), pages 505-518, November.
    11. Borsch-Supan, Axel & Hajivassiliou, Vassilis A., 1993. "Smooth unbiased multivariate probability simulators for maximum likelihood estimation of limited dependent variable models," Journal of Econometrics, Elsevier, vol. 58(3), pages 347-368, August.
    12. Lee Lillard & Robert Willis, 1997. "Motives for interqenerational transfers: Evidence from Malaysia," Demography, Springer;Population Association of America (PAA), vol. 34(1), pages 115-134, February.
    13. Quisumbing, Agnes R., 1997. "Better rich, or better there?," FCND discussion papers 23, International Food Policy Research Institute (IFPRI).
    14. Gordon, Roger H. & Varian, Hal R., 1988. "Intergenerational risk sharing," Journal of Public Economics, Elsevier, vol. 37(2), pages 185-202, November.
    15. Luc Arrondel & André Masson, 1991. "Que nous enseignent les enquêtes sur les transferts patrimoniaux en France ?," Économie et Prévision, Programme National Persée, vol. 100(4), pages 93-128.
    16. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    17. Raut, Lakshmi K. & Tran, Lien H., 2005. "Parental human capital investment and old-age transfers from children: Is it a loan contract or reciprocity for Indonesian families?," Journal of Development Economics, Elsevier, vol. 77(2), pages 389-414, August.
    18. Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-546, June.
    19. Lagerlof, Nils-Petter, 1997. "Endogenous fertility and the old-age security hypothesis: A note," Journal of Public Economics, Elsevier, vol. 64(2), pages 279-286, May.
    20. Cigno, Alessandro & C. Giannelli, Gianna & Rosati, Furio C., 1998. "Voluntary transfers among Italian households: altruistic and non-altruistic explanations," Structural Change and Economic Dynamics, Elsevier, vol. 9(4), pages 435-451, December.
    21. Luc Arrondel & François-Charles Wolff, 1998. "La nature des transferts inter vivos en France : investissements humains, aides financières et transmission du patrimoine," Économie et Prévision, Programme National Persée, vol. 135(4), pages 1-27.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohamed Jellal & François-Charles Wolff, 2003. "Solidarités familiales par la démonstration," Revue économique, Presses de Sciences-Po, vol. 54(4), pages 785-810.
    2. Mohamed Jellal & François-Charles Wolff, 2005. "Dynamique des transferts intergénérationnels et effet de démonstration," Annals of Economics and Statistics, GENES, issue 77, pages 81-107.
    3. Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
    4. François-Charles Wolff & Mohamed Jellal, 2002. "Aides aux parents âgés et allocation intra-familiale," Revue Économique, Programme National Persée, vol. 53(4), pages 863-885.
    5. Jean-Louis Pan Ké Shon, 2005. "La représentation des habitants de leur quartier : entre bien-être et repli," Économie et Statistique, Programme National Persée, vol. 386(1), pages 3-35.
    6. Christine Barnet-Verzat & François-Charles Wolff, 2001. "L'argent de poche versé aux jeunes : l'apprentissage de l'autonomie financière," Économie et Statistique, Programme National Persée, vol. 343(1), pages 51-72.
    7. Claudine Attias-Donfut & François-Charles Wolff & Philippe Tessier, 2005. "Les transferts intergénérationnels des migrants âgés," Économie et Statistique, Programme National Persée, vol. 390(1), pages 3-23.
    8. François-Charles Wolff & Ralitza Dimova, 2009. "Upstream Transfers And The Donor'S Labour Supply: Evidence From Migrants Living In France," Manchester School, University of Manchester, vol. 77(2), pages 204-224, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_2000_num_142_1_5988. 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: (Equipe PERSEE). General contact details of provider: https://www.persee.fr/collection/ecop .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.