Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups / Edition 1

Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups / Edition 1

by Oded Stark
     
 

This book employs economic methodology to study the motives for and the repercussions of transfers and exchanges within families, between generations, and within groups. The book shows how the allocative behavior and wellbeing of one family member depend on his altruistic link with another family member, how the timing of the intergenerational transfer of the family… See more details below

Overview

This book employs economic methodology to study the motives for and the repercussions of transfers and exchanges within families, between generations, and within groups. The book shows how the allocative behavior and wellbeing of one family member depend on his altruistic link with another family member, how the timing of the intergenerational transfer of the family productive asset affects the recipient's incentive to engage in human capital formation, and how transfers from an adult to his parents impinge on future transfers to him from his own children. In addition, the book shows that under asymmetric information high-skill migrant workers make transfers to low-skill would-be migrants in order to lure them to stay put, and that under incomplete information a group-specific informational edge - lower recognition costs - results in a superior exchange outcome. Finally, altruism, which in the beginning of the book is assumed, is explained: the transmission to or probable acquisition by children of parental traits and the exchange between siblings are shown to result in a stable equilibrium wherein no agent behaves nonaltruistically. The book studies both altruistic and nonaltruistic motives for transfer behavior. In addition, it traces some of the market repercussions of intrafamilial, intergenerational, and intragroup transfers and exchanges.

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Product Details

ISBN-13:
9780521663731
Publisher:
Cambridge University Press
Publication date:
12/28/2010
Series:
Oscar Morgenstern Memorial Lectures Series
Edition description:
New Edition
Pages:
156
Product dimensions:
5.50(w) x 8.50(h) x 0.50(d)

Table of Contents

1. Introduction; 2. Altruism, transfers, and wellbeing; 3. The timing of intergenerational transfers: an implication; 4. An exchange implication of transfers: the demonstration effect; 5. Transfers by migrants: a strategic motive for remittances; 6. Exchange with recognition costs: an explanation of migrants' performance; 7. Intrafamilial transfers and exchanges: forming and sustaining altruism.

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