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Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans
Horioka, Charles Yuj - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10011421495
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Are Americans and Indians more altruistic than the Japanese and Chinese? : evidence from a new international survey of bequest plans
Horioka, Charles - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10010354604
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Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans
Horioka, Charles Yuji - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10013053597
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Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans
Horioka, Charles Yuji - National Bureau of Economic Research (NBER) - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10010951187
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Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans
Horioka, Charles Yuji - School of Economics, University of the Philippines at … - 2014
This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...
Persistent link: https://www.econbiz.de/10010778610
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2016
saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in an Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …
Persistent link: https://www.econbiz.de/10013000340
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2018
saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in a Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …
Persistent link: https://www.econbiz.de/10012936705
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Consumption Uncertainty and Precautionary Saving
Christelis, Dimitris - 2017
saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in a Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …
Persistent link: https://www.econbiz.de/10012970398
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The reaction of consumer spending and debt to tax rebates : evidence from consumer credit data
Agarwal, Sumit (contributor); Liu, Chunlin (contributor);  … - 2007 - Rev.
) mechanisms. -- consumption ; saving ; Life-Cycle model ; Permanent-Income Hypothesis ; liquidity constraints ; fiscal policy …
Persistent link: https://www.econbiz.de/10003597329
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The Reaction of Consumer Spending and Debt to Tax Rebates - Evidence from Consumer Credit Data
Agarwal, Sumit - 2011
We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...
Persistent link: https://www.econbiz.de/10012714318