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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2017
Japan and the United States to examine whether individuals who receive intergenerational transfers from their parents are … children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth …
Persistent link: https://www.econbiz.de/10011594308
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2016
their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …
Persistent link: https://www.econbiz.de/10011537589
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The wealth decumulation behavior of the retired elderly in Japan : the relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving … burden of parental care may also affect the wealth decumulation behavior of the retired elderly in Japan. Given that parental …
Persistent link: https://www.econbiz.de/10011912032
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Wealth distribution and optimal inheritance taxation in life-cycle economies with intergenerational transfers
Heer, Burkhard - 2000
We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren....
Persistent link: https://www.econbiz.de/10010440978
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Post Mortem Reputation, Compensatory Gifts and Equal Bequests
Lundholm, Michael; Ohlsson, Henry - 1999
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/10010321811
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Post mortem reputation, compensatory gifts and equal bequests
Lundholm, Michael; Ohlsson, Henry - 1999
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
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2016
their children than those who do not using data for Japan and the United States. The estimation results show that the … bequests to their own children in both Japan and the United States, which in turn is likely to contribute to the persistence or …
Persistent link: https://www.econbiz.de/10011564960
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Are the Japanese unique? : evidence from household saving and bequest behavior
Horioka, Charles - 2016
Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that … their children than other peoples, suggesting that the alleged social norm of strong family ties in Japan is largely a myth …
Persistent link: https://www.econbiz.de/10011478422
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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure...
Persistent link: https://www.econbiz.de/10012202943
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The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving
Ventura, Luigi; Horioka, Charles - 2020
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...
Persistent link: https://www.econbiz.de/10012198628