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Dynamique des transferts intergénérationnels et effet de démonstration

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  • Mohamed Jellal
  • François-Charles Wolff
Abstract
In this paper, we extend the framework of the motives for familial solidarities to three generations. By focusing on upward transfers, we examine the demonstration effect hypothesis where individuals make transfers to their parents in order to be helped in return by their children. We show the limits of this model when the probability of imitation is exogenous. Then, we endogeneize this probability by assuming that imitative behaviors are influenced by the stock of upstream transfers made previously by the parents. The theoretical predictions are tested using two cross-sectional surveys from France. Using different types of upstream transfers, we find little evidence in favor of the demonstration effect hypothesis.

Suggested Citation

  • Mohamed Jellal & François-Charles Wolff, 2005. "Dynamique des transferts intergénérationnels et effet de démonstration," Annals of Economics and Statistics, GENES, issue 77, pages 81-107.
    • Handle: RePEc:adr:anecst:y:2005:i:77:p:81-107
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    References listed on IDEAS

    as
    1. François-Charles Wolff, 2000. "Transferts monétaires "inter vivos" et cycle de vie," Revue Économique, Programme National Persée, vol. 51(6), pages 1419-1452.
    2. François-Charles Wolff, 2000. "Les transferts versés aux enfants et aux parents : altruisme ou échange intertemporel?," Économie et Prévision, Programme National Persée, vol. 142(1), pages 67-91.
    3. Mohamed Jellal & François-Charles Wolff, 2003. "Solidarités familiales par la démonstration," Revue économique, Presses de Sciences-Po, vol. 54(4), pages 785-810.
    4. Jellal, Mohamed & Wolff, Francois-Charles, 2002. "Cultural evolutionary altruism: theory and evidence," European Journal of Political Economy, Elsevier, vol. 18(2), pages 241-262, June.
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    7. Cox, Donald & Jakubson, George, 1995. "The connection between public transfers and private interfamily transfers," Journal of Public Economics, Elsevier, vol. 57(1), pages 129-167, May.
    8. Andrew D. Foster & Mark R. Rosenzweig, 2001. "Imperfect Commitment, Altruism, And The Family: Evidence From Transfer Behavior In Low-Income Rural Areas," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 389-407, August.
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    10. Becker, Gary S, 1993. "Nobel Lecture: The Economic Way of Looking at Behavior," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 385-409, June.
    11. Mohamed Jellal & François-Charles Wolff, 2002. "Aides aux parents âgés et allocation intra-familiale," Revue économique, Presses de Sciences-Po, vol. 53(4), pages 863-885.
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    13. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1997. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1121-1166, December.
    14. Jellal, Mohamed & Wolff, Francois-Charles, 2000. "Shaping intergenerational relationships: the demonstration effect," Economics Letters, Elsevier, vol. 68(3), pages 255-261, September.
    15. Donald Cox & Oded Stark, 1993. "Intergenerational Transfers And Demonstration Effect," Boston College Working Papers in Economics 244, Boston College Department of Economics.
    16. André Masson, 1999. "Quelle solidarité intergénérationnelle ?," Revue Française d'Économie, Programme National Persée, vol. 14(1), pages 27-90.
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    18. Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-546, June.
    19. Francois-Charles Wolff, 2001. "Private intergenerational contact in France and the demonstration effect," Applied Economics, Taylor & Francis Journals, vol. 33(2), pages 143-153.
    20. Menahem E. Yaari, 1965. "Uncertain Lifetime, Life Insurance, and the Theory of the Consumer," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(2), pages 137-150.
    21. Theodore C. Bergstrom, 1996. "Economics in a Family Way," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1903-1934, December.
    22. Luc Arrondel & François-Charles Wolff, 1998. "La nature des transferts inter vivos en France : investissements humains, aides financières et transmission du patrimoine," Économie et Prévision, Programme National Persée, vol. 135(4), pages 1-27.
    23. Hajivassiliou, Vassilis & McFadden, Daniel & Ruud, Paul, 1996. "Simulation of multivariate normal rectangle probabilities and their derivatives theoretical and computational results," Journal of Econometrics, Elsevier, vol. 72(1-2), pages 85-134.
    24. Guttman, Joel M., 2001. "Self-enforcing reciprocity norms and intergenerational transfers: theory and evidence," Journal of Public Economics, Elsevier, vol. 81(1), pages 117-151, July.
    25. Luc Arrondel & André Masson, 1991. "Que nous enseignent les enquêtes sur les transferts patrimoniaux en France ?," Économie et Prévision, Programme National Persée, vol. 100(4), pages 93-128.
    26. Luc Arrondel & André Masson, 1996. "Gestion du risque et comportements patrimoniaux," Économie et Statistique, Programme National Persée, vol. 296(1), pages 63-89.
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    Cited by:

    1. Marta Melguizo Garde, 2007. "La motivación de las transmisiones lucrativas entre generaciones de una familia: modelos teóricos y evidencia empírica," Hacienda Pública Española / Review of Public Economics, IEF, vol. 181(2), pages 81-118, June.
    2. Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 13, pages 889-969, Elsevier.

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    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • D1 - Microeconomics - - Household Behavior

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