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The constraint on informal finance is commonly taken to be high costs and limited supply. But the majority of informal investors – family and friends – is often willing to supply funds at negative returns, and yet many borrowers tap family and friends only as a last resort. We explain this...
Persistent link: https://www.econbiz.de/10010581013
This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...
Persistent link: https://www.econbiz.de/10009195560
This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...
Persistent link: https://www.econbiz.de/10011071119
intensive margin of help. Three pieces of evidence suggest exchange motives rather than altruism to be the main source for this … are even more pronounced when employing a fixed effects model to control for family altruism. …
Persistent link: https://www.econbiz.de/10011106629
Persistent link: https://www.econbiz.de/10014417955
altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …
Persistent link: https://www.econbiz.de/10011326408
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
Persistent link: https://www.econbiz.de/10010354604
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used …
Persistent link: https://www.econbiz.de/10012291218
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
the degrees of filial and parental altruism and adjust them with their respective life expectancy and fertility rates. The … altruism than those in the other countries. Our welfare analyses reveal that the developing Asian countries must introduce more … filial altruism will trap the developing Asian countries at the current low levels of public old-age supports and social …
Persistent link: https://www.econbiz.de/10011757923