Crowding out or crowding in? Public and private transfers in Germany

Reil-Held, Anette

doi:10.1007/s10680-006-9001-x

“…This result is similar to that of Reil-Held (2006) and could be due also to a better regularity of public transfers with respect to non-public incomes. However, our analysis about private intergenerational relations is very relevant for public policy.…”

Section: Discussionsupporting

confidence: 83%

Private Monetary Transfers and Altruism: An Empirical Investigation on Italian Families

Aldieri

¹

2012

SSRN Journal

0

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The aim of this paper is to explore the motivation of monetary transfers received by household heads. Indeed, the financial transfers may be motivated by altruism or by the expectation of future services. For this reason, we select a sample of Italian families from the 2006 European Union Statistics on Income and LivingConditions (EU-SILC) dataset. The empirical analysis is divided into two parts.First, we consider the transfer decision and try to account for the factors that affect the probability that the household member will receive a transfer. Next, we restrict our analysis to those families who did receive a positive transfer and examine the factors that affect the size of the transfer. The economic interest in the intrinsic explanation of monetary transfers is supported by the efficacy of policy makers instruments. For this reason, we also explore the relationship between private and public financial transfers. The main contribution to the existing literature is to investigate the social motivation of private transfers and their implications in terms of policy in a unified framework.

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“…Again, a probit and OLS models are used to estimate the probability of private transfer receipt and the amount received, respectively, in which among the independent variable we include also public transfers. Tables 4 and 5 This result is similar to that of Reil-Held (2006) and could be due also to a better regularity of public transfers with respect to non-public incomes. However, our analysis about private intergenerational relations is very relevant for public policy.…”

Section: Public and Private Transfers Analysissupporting

confidence: 80%

Private monetary transfers and altruism: An empirical investigation on Italian families

Aldieri

¹

,

Fiorillo

²

2015

Economic Analysis and Policy

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The aim of this paper is to explore the motivation of monetary transfers received by household heads. Indeed, the financial transfers may be motivated by altruism or by the expectation of future services. For this reason, we select a sample of Italian families from the 2006 European Union Statistics on Income and LivingConditions (EU-SILC) dataset. The empirical analysis is divided into two parts.First, we consider the transfer decision and try to account for the factors that affect the probability that the household member will receive a transfer. Next, we restrict our analysis to those families who did receive a positive transfer and examine the factors that affect the size of the transfer. The economic interest in the intrinsic explanation of monetary transfers is supported by the efficacy of policy makers instruments. For this reason, we also explore the relationship between private and public financial transfers. The main contribution to the existing literature is to investigate the social motivation of private transfers and their implications in terms of policy in a unified framework.

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“…Most importantly, bequests and inter vivos monetary transfers may be held responsible for the correlation in financial well-being. For example, Reil-Held (2006) reports that approximately 25% of elderly parents aged between 70 and 85 make financial transfers to at least one of their adult children. Hence, financial ties exist between family members, inducing a correlation in financial well-being.…”

Section: Sibling Correlations and Distance To Parentsmentioning

confidence: 99%

Are We Architects of Our Own Happiness? The Importance of Family Background for Well-Being

Schnitzlein

¹

,

Wunder

²

2014

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This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, on average, between 30% and 60% of the inequality in permanent well-being. The influence is smaller when the siblings' psychological and geographical distance from their parental home is larger. Results from intergenerational correlations suggest that parental characteristics are considerably less important than family and community factors.Keywords: subjective well-being, family background, intergenerational mobilityWe hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable rights, that among these are life, liberty, and the pursuit of happiness.

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Crowding out or crowding in? Public and private transfers in Germany

Cited by 51 publications

References 20 publications

Private Monetary Transfers and Altruism: An Empirical Investigation on Italian Families

Private Monetary Transfers and Altruism: An Empirical Investigation on Italian Families

Private monetary transfers and altruism: An empirical investigation on Italian families

Are We Architects of Our Own Happiness? The Importance of Family Background for Well-Being

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