| Project/Area Number |
12J00552
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| Research Category |
Grant-in-Aid for JSPS Fellows
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| Allocation Type | Single-year Grants |
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| Section | 国内 |
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| Research Field |
Economic theory
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| Research Institution | Osaka University |
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Principal Investigator |
張 琳 大阪大学, 経済学研究科, 特別研究員(DC2)
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| Project Period (FY) |
2012 – 2013
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| Project Status |
Completed (Fiscal Year 2013)
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| Budget Amount *help |
¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 2013: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 2012: ¥500,000 (Direct Cost: ¥500,000)
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| Keywords | Time preference / Parental altruism / Habit formation / Overconsumption / Strict upbringing / 異時点間選択 / 消費 / 貯蓄 / 退職 |
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| Research Abstract |
I accomplished the contents of my theoretical research plan by incorporating habit formation and parental altruism, and investigated the theoretical conclusions by using empirical analysis.
In my paper "Thankworthy Parental Altruism and Children' s Habit-Formation" which is based on the joint research with Professor Ikeda, we propose a model of parental altruism in relation with child habit formation, where children are unaware of their developing habits while young, and become cognizant of them only on growing up. We show that an altruistic mother (i) maintains the amount of income transferred to her child lower than the child would desire and (ii) reduces further income transfer upon an exogenous increase in the child's performance of a particular habit. The child, when grown, may end up grateful for the small income transfer if the mother is sufficiently rich and altruistic : when evaluated by the realized habitual preferences, a small income transfer leads to greater child welfare than the greater income transfer preferred by the child would have generated. This implies that parents from richer families, ceteris paribus, tend to guard against their children's profligacy.
In another joint research "Strict Parents Come From Wealthy Families : An Empirical Study", We examine and verify the hypothesis from our theoretical model that people who are aware of habit tend to strictly upbring their children if they are from wealthy family. Using the data from "Preference Parameters Study of Osaka University" in Japan, we find that there are significantly positive relations between respondents' strict upbringing practices and their living standards when 15 years old in the case that respondents are aware of habit. This empirical result is consistent with our theoretical prediction.
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| Strategy for Future Research Activity |
(抄録なし)
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Report
(2 results)
Research Products
(6 results)
