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The results for the old are different from the results for the young. In particular, altruism of young
individuals was clearly discernible, but altruism from the old toward the young was of a perverse nature
(if there was any). In line with this finding, the old consider a rate of return for themselves as high
as possible to be desirable. The dominant one-way transfers from the young to the old in western
welfare states could be a result from this specific form of intergenerational altruism.
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