Header

UZH-Logo

Maintenance Infos

Happiness Functions with Preference Interdependence and Heterogeneity: The Case of Altruism within the Family


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.

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.

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.

Statistics

Downloads

498 downloads since deposited on 29 Nov 2011
12 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
Dewey Decimal Classification:330 Economics
JEL Classification:C23, D64
Language:English
Date:February 2008
Deposited On:29 Nov 2011 22:47
Last Modified:12 Aug 2017 13:07
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

Download

Preview Icon on Download
Preview
Filetype: PDF
Size: 400kB