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Happiness functions with preference interdependence and heterogeneity: the case of altruism within the family

Bruhin, Adrian ; Winkelmann, Rainer

In: Journal of Population Economics, 2009, vol. 22, no. 4, p. 1063-1080

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    Titre
    • Happiness functions with preference interdependence and heterogeneity: the case of altruism within the family
    Auteur
    • Bruhin, Adrian. University of Zurich, Socioeconomic Institute, Zurichbergstrasse 14, 8032, Zurich, Switzerland
    • Winkelmann, Rainer. University of Zurich, Socioeconomic Institute, Zurichbergstrasse 14, 8032, Zurich, Switzerland
    Type de document
    • Postprint
    Langue
    • Anglais
    Publié dans
    • Journal of Population Economics, 2009, vol. 22, no. 4, p. 1063-1080. Springer-Verlag
    Autre version électronique
    Identifiant OAI-PMH
    • oai:doc.rero.ch:315986
    Summary
    This study investigates the prevalence and extent of altruism by examining the relationship between parents' and their adult children's subjective well-being in a data set extracted from the German Socio-Economic Panel. To segregate the share of parents with altruistic preferences from those who are selfish, we estimate a finite mixture regression model. We control for various sources of potential bias by taking advantage of the data's panel structure. To validate our modeling approach, we show that predicted altruists indeed make higher average transfer payments