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Intergenerational Transmission Models :A Survey

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  • Anne Laferrere

    (Crest)

Abstract

The paper presents transfers between generations taking place within families: inheritance, gifts, help and services. Their economic motivations are seen through three main frameworks: the altruistic model where the child's utility influences the parent's utility; the model where transfers are exchanged, more or less directly, for services from adult children; and a model, labelled the “mutuality model”, where three generations co-exist and where transfers to children are an investment for old age. The consequences of the different models of transfer for inequality and the links between private and public or market transfers are then presented, together with the most recent empirical tests. The Geneva Papers on Risk and Insurance (1999) 24, 2–26. doi:10.1111/1468-0440.00002
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Suggested Citation

  • Anne Laferrere, 1997. "Intergenerational Transmission Models :A Survey," Working Papers 97-23, Center for Research in Economics and Statistics.
  • Handle: RePEc:crs:wpaper:97-23
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    References listed on IDEAS

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    1. John E. DiNardo & Jörn-Steffen Pischke, 1997. "The Returns to Computer Use Revisited: Have Pencils Changed the Wage Structure Too?," The Quarterly Journal of Economics, Oxford University Press, vol. 112(1), pages 291-303.
    2. David Autor & Lawrence Katz & Alan Krueger, 1997. "Computing Inequality: Have Computers Changed the Labor Market?," Working Papers 756, Princeton University, Department of Economics, Industrial Relations Section..
    3. David H. Autor & Lawrence F. Katz & Alan B. Krueger, 1998. "Computing Inequality: Have Computers Changed the Labor Market?," The Quarterly Journal of Economics, Oxford University Press, vol. 113(4), pages 1169-1213.
    4. repec:fth:prinin:377 is not listed on IDEAS
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    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. Jellal, Mohamed, 2009. "Family Institution and Filial Attention Contract," MPRA Paper 17713, University Library of Munich, Germany.
    3. Jellal, Mohamed & Wolff, Francois-Charles, 2000. "Shaping intergenerational relationships: the demonstration effect," Economics Letters, Elsevier, vol. 68(3), pages 255-261, September.
    4. Andaluz, Joaquín & Marcén, Miriam & Molina, José Alberto, 2007. "Income Transfers, Welfare and Family Decisions," IZA Discussion Papers 2804, Institute for the Study of Labor (IZA).
    5. 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.
    6. Arrondel, Luc & Laferrere, Anne, 2001. "Taxation and wealth transmission in France," Journal of Public Economics, Elsevier, pages 3-33.
    7. 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.
    8. 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.
    9. Jellal, Mohamed & Wolff, Francois-Charles, 2002. "Cultural evolutionary altruism: theory and evidence," European Journal of Political Economy, Elsevier, vol. 18(2), pages 241-262, June.

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