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The intersection of the standard altruism hypothesis with the quite strong evidence that bequests tend to be equal suggests that inter-vivos transfers should be strongly compensatory. Yet the available evidence is not in congruence with this implication. It has therefore been inferred that the...
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We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings … necessary to take into account inter-generational co-residence, an important phenomenon in China and in many developing … China, but also indicate that in urban China neither old-age support by the young nor the one-child policy are major factors …
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We use unique data characterizing individual savings for twins and non-twins in urban China to examine why the savings … necessary to take into account inter-generational co-residence, an important phenomenon in China and in many developing … China, but also indicate that in urban China neither old-age support by the young nor the one-child policy are major factors …
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