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of death. However, there is little evidence of an inheritance “boom.” In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10011605346
Retired households, especially those with high lifetime income, decumulate their wealth very slowly, and many die leaving large estates. The three leading explanations for the 'retirement savings puzzle' are the desire to insure against uncertain lifespans and medical expenses, the desire to...
Persistent link: https://www.econbiz.de/10014480367
It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic...
Persistent link: https://www.econbiz.de/10010265806
Based on Norwegian register data we show that having a lone parent in the terminal phase of life significantly affects the offspring's labor market activity. The employment propensity declines by around 1 percentage point among sons and 2 percentage points among daughters during the years just...
Persistent link: https://www.econbiz.de/10010268828
Eigentum und Erbe in der Mitte der deutschen Gesellschaft relativ gleichmäßig verteilt oder zeigen sich bedeutsame … Immobilienvermögen und im Erbe nachgegangen. Geht man von einer rein einkommensbezogenen Definition der Mitte aus, so zeigt sich ein … geringer Verbreitungsgrad von Immobilienbesitz und Erbe in der unteren Mittelschicht (60 bis 80 Prozent des Medianeinkommens …
Persistent link: https://www.econbiz.de/10011707716
by land inheritance, other bequests and parental background as influences on an adult's economic welfare and economic … land and housing bring little gain to mean consumption and play little role in explaining inequality. Inheritance of non … more important to adult welfare than property inheritance. Significant gender inequality in consumption is evident. …
Persistent link: https://www.econbiz.de/10010280069
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper uses data for Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are more likely to leave bequests to their children than...
Persistent link: https://www.econbiz.de/10011688678
Retired households, especially those with high lifetime income, decumulate their wealth very slowly, and many die leaving large estates. The three leading explanations for the "retirement savings puzzle" are the desire to insure against uncertain lifespans and medical expenses, the desire to...
Persistent link: https://www.econbiz.de/10014546013
While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich model of retired singles and couples with bequest motives and uncertain longevity and medical expenses. Our estimates imply that while medical expenses are an important driver of...
Persistent link: https://www.econbiz.de/10012614271
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience and we reason...
Persistent link: https://www.econbiz.de/10010292746