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Altruism and efficient allocations in three-generation households
Journal of Risk and Uncertainty ( IF 3.977 ) Pub Date : 2021-07-20 , DOI: 10.1007/s11166-021-09350-z
Anna Bartczak 1 , Wiktor Budziński 1 , Susan Chilton 2 , Jytte Seested Nielsen 2 , Rebecca McDonald 3
Affiliation  

In this paper we test the efficiency of family resource allocation in three-generation households. Understanding how the so-called “squeezed middle” generation allocates resources towards the children and grandparents in the household will be increasingly important as populations age, and more elderly people become dependent upon their relations for financial support. Despite a large literature on household resource allocation in two-generation households (parents and children), to the best of our knowledge ours is the first study that includes the third generation. We present a theoretical model and conduct a discrete choice experiment in the context of reductions in the lifetime risk of developing coronary artery disease to verify the efficient resource allocation hypothesis. The data is obtained from a large sample of the Polish population. The sample consists of the middle generation members of three-generation households and hence WTP represents household value from the perspective of the “squeezed middle” parent. The results imply that household resource allocation is efficient. This has implications for understanding the likely response to government financial support aimed at supporting elderly people and their families.



中文翻译:

三代家庭的利他主义与高效配置

在本文中,我们测试了三代家庭的家庭资源配置效率。随着人口老龄化,越来越多的老年人开始依赖他们的关系来获得经济支持,了解所谓的“被挤压的中间”一代如何将资源分配给家庭中的孩子和祖父母将变得越来越重要。尽管有大量关于两代家庭(父母和子女)的家庭资源分配的文献,但据我们所知,我们的研究是第一个包括第三代的研究。我们提出了一个理论模型,并在降低患冠状动脉疾病的终生风险的背景下进行了离散选择实验,以验证有效的资源分配假设。数据是从波兰人口的大量样本中获得的。样本由三代家庭的中代成员组成,因此支付意愿代表了从“被挤压的中间”父母的角度来看的家庭价值。结果表明家庭资源分配是有效的。这对于理解旨在支持老年人及其家庭的政府财政支持的可能反应具有重要意义。

更新日期:2021-07-22
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