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Is it true love? Altruism versus exchange in time and money transfers

  • Giacomo Pasini

    ()

    (Department of Economics, University Of Venice Cà Foscari)

  • Rob Alessie

    (University of Groningen)

  • Viola Angelini

    (University of Groningen)

This paper investigates what motivates intergenerational time and money transfers. We consider a model in which transfers may be driven not only by altruism, but also by exchange considerations. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) to discriminate between the two motives. We show that both if we consider money transfers from parents to children and time transfers from children to parents, the empirical evidence rejects pure altruism in favor of exchange.

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File URL: http://www.unive.it/media/allegato/DIP/Economia/Working_papers/Working_papers_2011/WP_DSE_alessie_angelini_pasini_27_11.pdf
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Paper provided by Department of Economics, University of Venice "Ca' Foscari" in its series Working Papers with number 2011_27.

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Length: 43
Date of creation: 2011
Date of revision:
Handle: RePEc:ven:wpaper:2011_27
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  12. Cox, Donald, 1990. "Intergenerational Transfers and Liquidity Constraints," The Quarterly Journal of Economics, MIT Press, vol. 105(1), pages 187-217, February.
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  18. Rob Alessie & Viola Angelini & Giacomo Pasini, 2014. "Is It True Love? Altruism Versus Exchange in Time and Money Transfers," De Economist, Springer, vol. 162(2), pages 193-213, June.
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