Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76180
Authors: 
Bruhin, Adrian
Winkelmann, Rainer
Year of Publication: 
2007
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0702
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.
Subjects: 
altruism
subjective well-being
finite mixture regression models
JEL: 
C23
D64
Document Type: 
Working Paper

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