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a general theory of the utility maximizing agent who simultaneously assesses the moral and wealth outcomes of a given … choice. The core of the preference criteria is a duality principle, which allows for an interaction of moral and wealth …, and a coefficient of the interaction term indicates how the agent views the relationship between morality and wealth. The …
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) that tracks the same individuals over time to assess how individuals from different income and wealth groups respond to … life and financial shocks with respect to volunteering. Although both income and wealth can act as buffers against life …
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Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational … on this, we analyse the relationships between giving and receiving significant wealth transfers and experiencing key life … events. We use newly-available data from the UK Wealth and Assets Survey to investigate recipients’ self-reported transfer …
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-cycle model as well as saving motives that are consistent with the altruism model are important in Europe implies that the two … suggests that this model is far more applicable in Europe than is the altruism model. Moreover, our finding that the … intergenerational transfers motive, which is the saving motive that most exemplifies the altruism model, accounts for only about one …
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