By Oded Stark
How do altruistic hyperlinks impact allocative habit and well being? Can the procedures of transmission and possible acquisition of parental features bring about a reliable equilibrium the place all brokers are altruists? Why do youngsters provide their mom and dad with awareness and care? Does the timing of the intergenerational move of the family's efficient asset impact the recipient's incentive to procure human capital? Why do migrants remit? Altruism and past offers solutions to those and similar questions. additionally, it strains a number of the industry repercussions of the intrafamilial, intergenerational, and intragroup transfers and exchanges that it versions.
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Extra resources for Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures)
Jr. '' Journal of Monetary Economics 22: 3± 42. Mankiw, N. Gregory, Romer, David and Weil, David N. '' Quarterly Journal of Economics 107: 407±37. Romer, Paul M. '' Journal of Political Economy 94: 1002±37. '' Carnegie±Rochester Conference Series on Public Policy 32: 251±86. Rosenzweig, Mark R. and Wolpin, Kenneth I. ): 961±87. World Bank (1979) World Development Report 1979. New York: Oxford University Press. (1991) World Development Report 1991. New York: Oxford University Press. 48 3 An exchange implication of transfers: the demonstration effect This page intentionally left blank Introduction Recent evidence indicates that private intergenerational transfers of income, wealth, and in-kind services are motivated, at least in part, by exchange considerations.
A prediction of the model is then that longer life expectancy is positively correlated with the proportion of the population residing off the farm. Finally, the procedure employed in the construction of our model gives rise to the following testable prediction: the higher the share of the farm sector in total output, the smaller the impact of life expectancy on per capita output. 7), the Proposition follows. 6), 0 1 À b 1 b V P 0Y 1. 8). A2) and Proposition 1, the Proposition follows. '' Quarterly Journal of Economics 105: 501±26.
Stationary output In every period t, each young individual supplies ef®ciency units of labor to the nonfarm sector. In addition, with probability 1 À , each middle-aged individual supplies 0 1 À ef®ciency units of labor to this sector. 1), the output produced in the nonfarm sector is Lt f 1. The output produced in the farm sector at time t is Ytf y~N. 8), an increase in life expectancy increases the stationary per capita output in the economy (that is, d yad 1 À b 0. Proof: See appendix.
Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures) by Oded Stark