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The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10014635707
This paper examines the failure of the private market to fully insure long-term care. I argue that the failure is a result of large intertemporal variability in the cost of long-term care. Unlike variability in cross section use, variability in the cost of care affects everyone in a pool and...
Persistent link: https://www.econbiz.de/10012474659
theories regarding the determination of intergenerational transfers. In this paper, we develop a theory that accounts for this … theory can also explain the norm of unigeniture, which prevails in other societies …
Persistent link: https://www.econbiz.de/10012470959
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …This paper develops a theory of intergenerational exchange for generations that are either selfish or have non …
Persistent link: https://www.econbiz.de/10012471256
competitive market in rescues. The model explicitly incorporates the possibility of rescues motivated by altruism. We then apply … main consistent with our economic model when altruism is taken into account, as are the differences between the maritime …
Persistent link: https://www.econbiz.de/10012478909
would be much less imposing were it not for altruism, a factor ignored in most discussion of externalities. Altruism may be … of altruism, the costs of rescue, and the benefits to the rescuee. Although the general legal rule is not to reward the … rescuer (nor to impose liability), the law recognizes the fragility of altruism and entitles the rescuer to a reward in …
Persistent link: https://www.econbiz.de/10012478919
.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards …
Persistent link: https://www.econbiz.de/10012462145
one possible explanation: that individual aversion to inequality--both envy and altruism--lead to systematic differences … workers in the sector. We also present structural estimates of the influence of envy and altruism on sector-specific trade … policy preferences. Our estimates indicate that both envy and altruism influence support for trade protection in the United …
Persistent link: https://www.econbiz.de/10012462952
plausible assumptions regarding this altruism and the reaction of consumers to firms that demonstrate insufficient altruism …
Persistent link: https://www.econbiz.de/10012463015
The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice between inter vivos gifts and bequests (both to...
Persistent link: https://www.econbiz.de/10012463054