Altruism and Beyond: An Economic Analysis of Transfers and Exchanges within Families and Groups (Oscar Morgenstern Memorial Lectures)

How do altruistic links affect allocative behavior and wellbeing? Can the processes of transmission and probable acquisition of parental traits result in a stable equilibrium where all agents are altruists? Why do children furnish their parents with attention and care? Does the timing of the intergenerational transfer of the family's productive asset affect the recipient's incentive to acquire human capital? Why do migrants remit? Altruism and Beyond provides answers to these and related questions. In addition, it traces some of the market repercussions of the intrafamilial, intergenerational, and intragroup transfers and exchanges that it models.

How do altruistic links affect allocative behavior and wellbeing? Why do children furnish their parents with attention and care? Why do migrants remit? This key book employs economic methodology to study motives for and repercussions of transfers and exchanges within families, between generations, and within groups. It considers both altruistic and nonaltruistic motives for transfer behavior, and traces some of the market repercussions of intrafamilial, intergenerational, and intragroup transfers and exchanges.