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We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …
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Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational transmission of inequality, the optimal design of social insurance, and the efficacy of expansionary fiscal policy. To shed light on this, we analyse the relationships between giving and...
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We investigate the determinants of giving in a lab-in-the-field experiment with large stakes. Study participants in … that must be in cash. Qualitative post-experiment responses suggest that this effect is driven by a desire to control how …
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The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property … inherited. We show that, given optimal choice of altruistic parents is compensatory gifts and equal bequests. …
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