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In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...
Persistent link: https://www.econbiz.de/10011478422
This discussion paper led to a publication in href=http://onlinelibrary.wiley.com/doi/10.1002/jae.1071/fullJournal of Applied Econometrics, 24(6), 993-1023.Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance....
Persistent link: https://www.econbiz.de/10011372976
The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...
Persistent link: https://www.econbiz.de/10011589028
and explains why equal bequests to children whose earnings differ, and parental altruism toward these children, are not … mutually exclusive. -- parental altruism ; equal bequests …
Persistent link: https://www.econbiz.de/10009699968
The intersection of the standard altruism hypothesis with the quite strong evidence that bequests tend to be equal … implication. It has therefore been inferred that the motive underlying inter-vivos transfers is not parental altruism. In this … the child whose earnings are higher. We show that rather than being orthogonal to parental altruism, counter …
Persistent link: https://www.econbiz.de/10009714281
We investigate the effects of altruism on migrants' decisions to send money home and on their households' decisions to … invest or to consume those remittances. Previous studies have devoted extensive attention to migrants' altruism toward … recipients and little to recipients' altruism toward migrants. We find that the migrant sends larger remittances home when he …
Persistent link: https://www.econbiz.de/10013076901
Parents' transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance. Using data from six biennial waves of the Health and Retirement Study 1992-2002, we estimate grouped tobit-type latent variable models with multi-level error...
Persistent link: https://www.econbiz.de/10014138481
Most models of family transfers consider only two generations and focus on two motives: altruism and exchange. They … transfers, such as strategic altruism, models with endogenous heterogeneous behavioral regimes (Becker, Cigno), and especially … (against altruism) with small compensatory effects of transfers both between and within generations, and (against exchange …
Persistent link: https://www.econbiz.de/10014023664
motivations underlying this behaviour. While the public goods-model of altruism has played a pivotal role in the economic work …. Altruism (or empathy) is only one of the many motivations leading to voluntary transfers. Transfers may also follow from a … interhousehold and intrafamily transfers. It is argued that the simple oppositions between pure altruism and warm glow or between …
Persistent link: https://www.econbiz.de/10014023681
Persistent link: https://www.econbiz.de/10001583694