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Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …

Persistent link: https://www.econbiz.de/10012195738

Intergenerational altruism and house prices : evidence from bequest tax reforms in Italy

Bellettini, Giorgio; Taddei, Filippo; Zanella, Giulio - 2014

We identify the degree of intergenerational altruism in an OLG framework à la Barro exploiting the quasi … parameter of interest via the effect of changes in the tax rate on house prices. We find that the intergenerational altruism …

Persistent link: https://www.econbiz.de/10011730011

Heterogeneous bequests and social inequalities

Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …

Persistent link: https://www.econbiz.de/10014384038

Inheritance, bequests, and labor supply

Cox, Donald - In: IZA World of Labor (2014)

Inheriting money can be a problem since the new wealth might sap the beneficiaries’ incentive to work. Or it could do the opposite, by facilitating entrepreneurship among those whose ambition to start a business had been stymied by a lack of cash. Recent evidence suggests inheritance-related...

Persistent link: https://www.econbiz.de/10011404884

Inheritance, bequests, and labor supply : inheritance-related work disincentives can be strong, but labor supply could increase if bequests facilitate entrepreneurship

Cox, Donald - 2014

Inheriting money can be a problem since the new wealth might sap the beneficiaries' incentive to work. Or it could do the opposite, by facilitating entrepreneurship among those whose ambition to start a business had been stymied by a lack of cash. Recent evidence suggests inheritance-related...

Persistent link: https://www.econbiz.de/10011418681

Inheritance, bequests, and labor supply

Cox, Donald - In: IZA World of Labor (2014) September, pp. 1-10

Inheriting money can be a problem since the new wealth might sap the beneficiariesâ€™ incentive to work. Or it could do the opposite, by facilitating entrepreneurship among those whose ambition to start a business had been stymied by a lack of cash. Recent evidence suggests...

Persistent link: https://www.econbiz.de/10011143956

Chapter 10. Conflict and Cooperation Within the Family, and Between the State and the Family, in the Provision of Old-Age Security

Cigno, A. - In: Handbook of the economics of population aging : Volume 1, (pp. 609-660). 2016

The early contributions to the microeconomic literature assume that only market goods yield utility, and that the only way adults can secure the consumption of these goods in old age is by saving. The more recent contributions recognize, however, that the elderly derive utility also from goods...

Persistent link: https://www.econbiz.de/10014023481

Social Norms, Demographic Shocks, and Dowries in Florence, 1250-1450

Botticini, Maristella - Society for Economic Dynamics - SED - 2004

By exploiting more than 4,500 unpublished dowry contracts written in Florence between 1242 and 1435, I am able to present the first systematic analysis of dowry trends and bequest behavior in medieval and early Renaissance Florence. I examine the effects of demographic shocks and changes in...

Persistent link: https://www.econbiz.de/10005051448

Bequests as a heir "discipline device"

Cremer, Helmuth; Pestieau, Pierre - In: Journal of Population Economics 9 (1996) 4, pp. 405-414

This paper develops a model of inter vivos gifts and bequests in a setting of moral hazard and adverse selection. Altruistic parents do not perfectly know how much effort their children make to earn their living, nor do they know their true level of ability. Inter vivos gifts take place prior to...

Persistent link: https://www.econbiz.de/10005622268

Conflict and Cooperation within the Family, and between the State and the Family, in the Provision of Old-Age Security

Cigno, Alessandro - Centre for Household, Income, Labour and Demographic … - 2014

The early contributions to the economic literature on this sub- ject assume that only market goods yield utility, and that the only way adults can secure the consumption of these goods in old age is by saving. More recent contributions recognize that the elderly derive utility also from the care...

Persistent link: https://www.econbiz.de/10011188901