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The Marginal Propensity to Spend on Adult Children
Altonji, Joseph G.; Villanueva, Ernesto - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in the form of inter vivos transfers and bequests. We infer bequests from the stock of wealth late in life. We use mortality rates and age specific estimates of the response of...
Persistent link: https://www.econbiz.de/10010547255
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The marginal propensity to spend on adult children
Altonji, Joseph; Villanueva, Ernesto - Department of Economics and Business, Universitat … - 2003
We examine how much of an extra dollar of parental lifetime resources will ultimately be passed on to adult children in the form of inter vivos transfers and bequests. We infer bequests from the stock of wealth late in life. We use mortality rates and age specific estimates of the response of...
Persistent link: https://www.econbiz.de/10005772218
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Endogenous changes in tastes
Leonard, Daniel; Long, Ngo V - In: Economics Bulletin 34 (2014) 2, pp. 923-937
Parents care about their children, spend resources on educating them and bequeath them some physical and/or human capital. Here we argue that the actions of the parents have an influence, not only on the productive possiblities open to the children (through the captital they inherit) but also on...
Persistent link: https://www.econbiz.de/10010765813
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Intergenerational transfers, asset management and tax avoidance
Ogawa, Ryo - In: Economics Bulletin 29 (2009) 2, pp. 1003-1018
Taxpayers are considerably interested in tax planning for intergenerational transfers (inter vivos gifts and bequests … by changing the timing of transfers when inter vivos gifts are taxed differently from bequests and (2) tax avoidance … ceases to exist if bequests and gifts from the same donor are jointly taxed. This paper aims to demonstrate that if the …
Persistent link: https://www.econbiz.de/10008562805
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Gift-giving and network structure in rural China : utilizing long-term spontaneous gift records
Chen, Xi - 2014
The tradition of keeping written records of gift received during household ceremonies in many countries offers researchers an underutilized means of data collection for social network analysis. This paper first summarizes unique features of the gift record data that circumvent five prevailing...
Persistent link: https://www.econbiz.de/10010436161
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Gift-Giving and Network Structure in Rural China : Utilizing Long-Term Spontaneous Gift Records
Chen, Xi - 2014
The tradition of keeping written records of gift received during household ceremonies in many countries offers researchers an underutilized means of data collection for social network analysis. This paper first summarizes unique features of the gift record data that circumvent five prevailing...
Persistent link: https://www.econbiz.de/10013043665
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Unequal Giving : Monetary Gifts to Children Across Countries and Over Time
Zissimopoulos, Julie M.; Smith, James P. - 2010
poor households do not. In this paper, the authors first examine annual gifts of money from parents to adult children in …
Persistent link: https://www.econbiz.de/10014199245
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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 … inherited. We show that, given optimal choice of altruistic parents is compensatory gifts and equal bequests. …
Persistent link: https://www.econbiz.de/10010321811
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Schenkungen und Erbschaften im Lebenslauf: vergleichende Längsschnittanalysen zu intergenerationalen Transfers
Leopold, Thomas; Schneider, Thorsten - 2009
The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as …. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts … inter vivos are a rare event. If they occur, these gifts often replace bequests. In high status families, gifts are …
Persistent link: https://www.econbiz.de/10011600877
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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 … inherited. We show that, given optimal choice of altruistic parents is compensatory gifts and equal bequests. …
Persistent link: https://www.econbiz.de/10011589028