Rizza, Pietro (2008): Testing the altruism hypothesis with italian cohort data.
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In this paper I follow Abel and Kotlikoff 1994 non-parametric approach based on consumption cohort data to test for intergenerational altruism among Italian households. The Italian socio-economic framework represents an interesting ground to test for the Barro’s 1974 model given the stronger family linkages usually present among Italian households. All tests reject altruism. Further, I evaluate how restrictive is the assumption of a zero correlation between the clan’s Euler errors and the demographic structure of the clan. I find no evidence of any major role played by the age composition of the clan and conclude that the zero correlation assumption is reasonable.
|Item Type:||MPRA Paper|
|Original Title:||Testing the altruism hypothesis with italian cohort data|
|English Title:||Testing the altruism hypothesis with italian cohort data|
|Keywords:||Altruism; Intergenerational transfers, Italy|
|Subjects:||D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D - Microeconomics > D6 - Welfare Economics > D64 - Altruism ; Philanthropy
|Depositing User:||Pietro Rizza|
|Date Deposited:||10. Feb 2010 06:43|
|Last Modified:||12. Feb 2013 16:51|
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