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In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to...
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Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011440820
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10011441460
Persistent link: https://www.econbiz.de/10003379819
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Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research suggests. We conduct a detailed investigation of the...
Persistent link: https://www.econbiz.de/10012997148
Persistent link: https://www.econbiz.de/10011732460
This paper examines the interaction between altruism towards offspring and precautionary savings. It investigates … whether increased uncertainty in children labor income fosters savings of parents. We first construct a two-periods and two …-generations model, to underline which are the mechanisms behind the intergenerational precautionary motive for savings. Second, we …
Persistent link: https://www.econbiz.de/10012870905