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Persistent link: https://www.econbiz.de/10014385707
Empirical work on intergenerational transfers has focused on distinguishing between altruistic and exchange motivated behavior. However, these two models are unable to explain the strong tendency for estates to be divided equally across children, while inter vivos transfers are made unequally....
Persistent link: https://www.econbiz.de/10012472471
This paper uses data on anticipated bequests from two waves of the Health and Retirement Study and the Asset and Health Dynamics of the Oldest Old (AHEAD), and on actual bequests from AHEAD. Actual bequests were measured in exit interviews given by proxy respondents for 774 AHEAD respondents who...
Persistent link: https://www.econbiz.de/10012471404
The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...
Persistent link: https://www.econbiz.de/10012477718
The social security program now provides a constant real benefit throughout each retirees lifetime. This paper examines whether total welfare would rise if benefits were lower in early retirement years (when most individuals have some saving with which to finance consumption) and higher in later...
Persistent link: https://www.econbiz.de/10012476237
Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings explain only part of this variation. This paper studies the role of intergenerational transmission of ability, voluntary bequest motives, and the recipiency of accidental and...
Persistent link: https://www.econbiz.de/10012458606
While a large literature is interested in the relationship between family and labor supply outcomes, little is known … in beliefs about how future family outcomes are related to future labor supply. Methodological contributions come from an … longitudinal data, can potentially help address endogeneity issues arising in the estimation of the causal effect of family on …
Persistent link: https://www.econbiz.de/10012480279
are more likely to have met their husbands outside of family networks, they are less likely to get forced into marriage … against their consent, and they are less likely to agree that only a son can ensure the continuation of the family blood line …
Persistent link: https://www.econbiz.de/10012482431
may not otherwise be available. Within the family there is a degree of trust and a level of information which alleviates … families can provide insurance against uncertain dates of death. Death risk sharing family arrangements effectively constitute … in annuities, these risk sharing arrangements provide powerful economic incentives for marriage and family formation. The …
Persistent link: https://www.econbiz.de/10012478786
developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …
Persistent link: https://www.econbiz.de/10012478776