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Is There Such a Thing as a Family Constitution? : A Test Based on Credit Rationing

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dc.creator Cigno, Alessandro
dc.creator Giannelli, Gianna Claudia
dc.creator Rosati, Furio C.
dc.creator Vuri, Daniela
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:09Z
dc.date.available 2013-10-16T07:10:09Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20351
dc.identifier ppn:385394470
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20351
dc.description The paper aims to ascertain whether voluntary money transfers may be explained by the existence of self-enforcing family constitutions. We identify a circumstance in which an agent will behave differently if she is optimizing subject to a family constitution, than if she is moved by either altruistic or exchange motivations. The circumstance is the presence of a binding credit ration, which may raise the probability of making a money transfer (and the amount of money transferred) if a family constitution exists, but will have the opposite effect if the transfer is either a gift, or payments for services rendered. Allowing for possible endogeneity, we find that rationing has a positive effect on the probability of giving money, and on the amount given, if the potential giver is under the age of retirement and has children, but no significant effect if the person has no children, or is over the retirement age. This rejects the hypothesis that money transfers are motivated by either altruistic or straight exchange motives, but not the one that these transfers are governed by family constitutions.
dc.language eng
dc.relation IZA Discussion paper series 1116
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J14
dc.subject J13
dc.subject D13
dc.subject ddc:330
dc.subject family constitution
dc.subject altruism
dc.subject exchange
dc.subject private transfers
dc.subject personal services
dc.subject Privater Transfer
dc.subject Familiensoziologie
dc.subject Altruismus
dc.subject Hausarbeit
dc.subject Familienökonomik
dc.subject Kreditrationierung
dc.subject Theorie
dc.subject Schätzung
dc.subject Italien
dc.title Is There Such a Thing as a Family Constitution? : A Test Based on Credit Rationing
dc.type doc-type:workingPaper

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