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Transferts monétaires "inter vivos" et cycle de vie

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  • François-Charles Wolff

Abstract

[eng] Financial inter vivos transfers over the life-cycle. . Two hypotheses, altruism and exchange, have been suggested in order to explain inter vivos transfers to children. According to the altruistic model, it is expected that redistributing one franc from the donor parent to the recipient child leads to a one franc decrease in parental transfer. This test of transfer-income derivatives is empirically tested using a tri-generational survey about private transfers in France. We successively examine financial transfers from middle-aged parents to young adults and from the elderly to middle-aged adults. The econometric results exhibit uncompensatory effects of bestowed amounts and a negative difference of transfer-income derivatives, therefore casting doubt on the hypothesis of altruistic motives. [fre] Deux comportements principaux sont avancés en économie pour expliquer les transferts inter vivos versés aux enfants, l'altruisme et l'échange. Si le modèle altruiste est valide, on s'attend à ce qu'un accroissement du revenu du bénéficiaire de l'aide diminue franc pour franc le montant du transfert financier reçu de ses ascendants. Cette propriété de neutralité est testée à partir d'une enquête sur les solidarités familiales entre trois générations adultes. L'analyse distingue les aides reçues par les jeunes de leurs parents de celles reçues par ces derniers de leurs propres parents. Les résultats économétriques, qui mettent en évidence un effet anticompensatoire des montants transmis et une différence des dérivées par rapport aux revenus négative, ne sont pas favorables à l'hypothèse altruiste.

Suggested Citation

  • François-Charles Wolff, 2000. "Transferts monétaires "inter vivos" et cycle de vie," Revue Économique, Programme National Persée, vol. 51(6), pages 1419-1452.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2000_num_51_6_410592
    Note: DOI:10.3406/reco.2000.410592
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    Citations

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    Cited by:

    1. Francois-Charles Wolff & Seymour Spilerman & Claudine Attias-Donfut, 2005. "Do Parents Help More their Less Well-Off Children? Evidence from a Sample of Migrants to France," Microeconomics 0504001, University Library of Munich, Germany.
    2. Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
    3. Arrondel, Luc & Masson, Andre, 2006. "Altruism, exchange or indirect reciprocity: what do the data on family transfers show?," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
    4. Mohamed Jellal & FranÁois-Charles Wolff, 2003. "Leaving Home as a Self-selection Device," Economica, London School of Economics and Political Science, vol. 70(279), pages 423-438, August.
    5. François-Charles Wolff & Seymour Spilerman & Claudine Attias-Donfut, 2007. "Transfers From Migrants To Their Children: Evidence That Altruism And Cultural Factors Matter," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(4), pages 619-644, December.
    6. Barnet-Verzat, Christine & Wolff, Francois-Charles, 2002. "Motives for pocket money allowance and family incentives," Journal of Economic Psychology, Elsevier, vol. 23(3), pages 339-366, June.
    7. 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.
    8. Stéphane Mechoulan & François-Charles Wolff, 2015. "Intra-household allocation of family resources and birth order: evidence from France using siblings data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(4), pages 937-964, October.
    9. 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.
    10. François-Charles Wolff & Claudine Attias-Donfut, 2007. "Les comportements de transferts intergénérationnels en Europe," Économie et Statistique, Programme National Persée, vol. 403(1), pages 117-141.
    11. 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.

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