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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52372

Bruhin, Adrian; Winkelmann, Rainer (2008). Happiness Functions with Preference Interdependence and Heterogeneity: The Case of Altruism within the Family. Working paper series / Socioeconomic Institute No. 702, University of Zurich.

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Abstract

This study investigates the prevalence and extent of altruism by examining the relationship between parents' and their adult children's subjective well-being in a data set extracted from the German Socio-Economic Panel. In order to segregate the share of parents with altruistic preferences from those who are selfish, we estimate a finite mixture regression model. We control for various sources of potential bias by taking advantage of the data's panel structure. To validate our modeling approach we show that predicted altruists indeed make higher average transfer payments.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
DDC:330 Economics
JEL Classification:C23, D64
Language:English
Date:February 2008
Deposited On:29 Nov 2011 23:47
Last Modified:09 Jul 2012 07:04
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

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