Happiness functions with preference interdependence and heterogeneity: The case of altruism within the family

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 0702

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Altruism; Philanthropy; Intergenerational Transfers
• Subject: altruism ; subjective well-being ; finite mixture regression models ; Altruismus ; Lebensqualität ; Familie ; Schätzung ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bruhin, Adrian ; Winkelmann, Rainer
• Event: Veröffentlichung
• (who): University of Zurich, Socioeconomic Institute
• (where): Zurich
• (when): 2007

Further information

• Handle: http://hdl.handle.net/10419/76180
• Last update: 10.03.2025, 11:44 AM CET