Asymmetry of Information within Family Networks
利用坦桑尼亚712个大家庭网络的数据,研究家庭间对生活水平的认知偏差,发现转移支付的接受方通过施压或议价能力主导了转移条件。
This paper studies asymmetry of information and transfers within 712 extended family networks from Tanzania. Using cross-reports on asset holdings, we construct measures of mis-perception of living standards among households within the same network. We contrast altruism, pressure, exchange and risk sharing as motives to transfer in simple models with asymmetric information. Testing the model predictions in the data uncovers the active role played by recipients of transfers. Our findings suggest that recipients set the terms of the transfers, either by exerting pressure on donors or because they hold substantial bargaining power in their exchange relationships.