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The Marginal Propensity to Spend on Adult Children
Altonji, Joseph G.; Villanueva, Ernesto - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in the form of inter vivos transfers and bequests. We infer bequests from the stock of wealth late in life. We use mortality rates and age specific estimates of the response of...
Persistent link: https://www.econbiz.de/10010547255
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The marginal propensity to spend on adult children
Altonji, Joseph; Villanueva, Ernesto - Department of Economics and Business, Universitat … - 2003
We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in the form of inter vivos transfers and bequests. We infer bequests from the stock of wealth late in life. We use mortality rates and age specific estimates of the response of...
Persistent link: https://www.econbiz.de/10005772218
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Endogenous changes in tastes
Leonard, Daniel; Long, Ngo V - In: Economics Bulletin 34 (2014) 2, pp. 923-937
Parents care about their children, spend resources on educating them and bequeath them some physical and/or human capital. Here we argue that the actions of the parents have an influence, not only on the productive possiblities open to the children (through the captital they inherit) but also on...
Persistent link: https://www.econbiz.de/10010765813
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Schenkungen und Erbschaften im Lebenslauf: vergleichende Längsschnittanalysen zu intergenerationalen Transfers
Leopold, Thomas; Schneider, Thorsten - 2009
The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as …. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts … inter vivos are a rare event. If they occur, these gifts often replace bequests. In high status families, gifts are …
Persistent link: https://www.econbiz.de/10011600877
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Schenkungen und Erbschaften im Lebenslauf : vergleichende Längsschnittanalysen zu intergenerationalen Transfers
Leopold, Thomas; Schneider, Thorsten - 2009
The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as …. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts … inter vivos are a rare event. If they occur, these gifts often replace bequests. In high status families, gifts are …
Persistent link: https://www.econbiz.de/10011636126
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Bequests, sibling rivalry, and rent seeking
Faith, Roger; Goff, Brian; Tollison, Robert - In: Public Choice 136 (2008) 3, pp. 397-409
Persistent link: https://www.econbiz.de/10005709124
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Schenkungen und Erbschaften im Lebenslauf: vergleichende Längsschnittanalysen zu intergenerationalen Transfers
Leopold, Thomas; Schneider, Thorsten - Forschungsbasierte Infrastruktureinrichtung … - 2009
The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as …. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts … inter vivos are a rare event. If they occur, these gifts often replace bequests. In high status families, gifts are …
Persistent link: https://www.econbiz.de/10008611295
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Is the eldest son different? The residential choice of siblings in Japan
Wakabayashi, Midori; Horioka, Charles Yuji - 2006
In this paper, we analyze the determinants of the living arrangements of elderly parents and their children (whether elderly parents live with their children, and if so, with which child) in Japan using micro data from a household survey. We find that the proportion of elderly parents living...
Persistent link: https://www.econbiz.de/10010332464
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Do bequests increase or decrease wealth inequalities?
Horioka, Charles Yuji - 2009
This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid pro quo for bequests to their children, and that wealthier individuals leave less bequests, meaning that bequests ameliorate wealth inequalities.
Persistent link: https://www.econbiz.de/10010332471
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Saving and wealth inequality
De Nardi, Mariacristina; Fella, Giulio - 2017
Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify...
Persistent link: https://www.econbiz.de/10011927990