New PDF release: Altruism and Beyond: An Economic Analysis of Transfers and

By Oded Stark

ISBN-10: 051101094X

ISBN-13: 9780511010941

ISBN-10: 0521474191

ISBN-13: 9780521474191

How do altruistic hyperlinks impact allocative habit and wellness? Can the approaches of transmission and possible acquisition of parental features lead to a sturdy equilibrium the place all brokers are altruists? Why do young ones provide their mom and dad with realization and care? Does the timing of the intergenerational move of the family's efficient asset have an effect on the recipient's incentive to obtain human capital? Why do migrants remit? Altruism and past presents solutions to those and similar questions. moreover, it lines many of the marketplace repercussions of the intrafamilial, intergenerational, and intragroup transfers and exchanges that it versions.

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Additional resources for Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures)

Sample text

4)). However, only a stronger father's altruism can secure a distribution which is at once con¯ictfree and more favorable. 8) are replaced by VF …CF † ˆ CF …1X7H † VS …CS † ˆ CS …1X8H † and for any 0 `  ` 1. 12) follows through as before, except that the optimal consumption ratios now appear as 2 ~F C ~S C 3 1 À F F …1X10H † 3 ~F C S ˆ Y ~S 1 À S C …1X11H † ˆ F and 2 S 21 Altruism and beyond ~F ˆ C1À and C ~S ˆ C1À . 1, except that for CF CS . ~F C ~S C substitutes Two remarks are in order.

For simplicity, there is no population growth. The qualitative nature of the analysis will not be affected by allowing nonzero population growth. 36 The timing of intergenerational transfers of generation t has a single parent in generation t À 1 and each parent of generation t À 1 has a single offspring in generation t. The economy consists, therefore, of a continuum of dynasties of measure N. Each dynasty is endowed with a unit of land that is transferred across generations. By the existing social code land is transferred from parent to child upon the death of the parent.

Note that by substituting genetic fitness for utility (see Becker [1976]), Wilson's (1975) argument that altruism reduces personal fitness may not only be vindicated but broadened: altruism may actually reduce group fitness. 5 It is useful to check how general is the result that with utility interdependence, a rise in altruism that leads to consumption transfers could make the transferring party worse off. In particular, does the result depend on the underlying speci®cation of the utility functions?

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Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures) by Oded Stark


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