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| Author: | Arrondel, L. Masson, A. |
| Title: | Family transfers involving three generations |
| Journal: | Scandinavian Journal of Economics
2001 : VOL. 103:3, p. 415-443 |
| Index terms: | ALTRUISM FAMILIES INTERGENERATIONAL TRANSFERS FRANCE |
| Freeterms: | EXCHANGE |
| Language: | eng |
| Abstract: | Most models of family transfers consider only two generations and focus on two motives: altruism and exchange. They also assume perfect substitution between inter-vivos downward transfers and bequests. Based on French evidence, the authors show that parent-to-child transfers belong to three distinct categories (investment in child's education, financial assistance, wealth transmission), and advocate a three-generation framework. |
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