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Seoul Journal of Economics - Vol. 32 , No. 2
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Seoul Journal of Economics - Vol. 32, No. 2, pp. 163-184
Abbreviation: SJE
ISSN: 1225-0279 (Print)
Print publication date 30 May 2019
Received 31 May 2018 Revised 02 Sep 2018 Accepted 29 Sep 2018

Two-sided Altruism and Level of Development
Manachaya Uruyos ; Siwapong Dheera-aumpon
Manachaya Uruyos, Corresponding Author, Faculty of Economics, Chulalongkorn University, Phayathai Road, Bangkok 10330, Thailand, Tel: +66-2-218-6180, Fax: +66-2-218-6201 (manachaya.u@chula.ac.th)
Siwapong Dheera-aumpon, Faculty of Economics, Kasetsart University, Ngam Wong Wan Road, Bangkok 10900, Thailand, Tel: +66-2-561-3474, Fax: +66-2-579-8739 (fecospd@ku.ac.th)

Funding Information ▼

JEL Classification: D64, I28, J14, O10

Abstract

Using 24 countries’ data on the estimated degrees of filial and parental altruism, we examine the relationship between the stages of economic development and degrees of altruism. We employ the ordinary least squares and two-stage least squares methods and generalized method of moments. We find that after controlling for macroeconomic, demographic, and institutional variables, developing countries are more filially altruistic than developed ones, whereas the latter are more parentally altruistic than the former.

Keywords: Altruism, Development, Demography, Public education
Acknowledgments

The authors are grateful to the anonymous referees for thoughtful comments and to Narathorn Munsuvarn for his excellent research assistance. This research was funded by the Ratchadapisek Sompoch Endowment Fund (2015), Chulalongkorn University (CU-58-073-AS).

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