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newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are …We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …
Persistent link: https://www.econbiz.de/10014372103
We quantify the size and tax-responsiveness of financial transfers made to heirs before death. The wealth of singles … to children, while long-term care copayments can explain the remainder. Tax-reducing transfers are made across the wealth … to gift taxation, we estimate Frisch elasticities of gifts to the net-of-tax rate between 9, for those giving around €27 …
Persistent link: https://www.econbiz.de/10013331880
include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research …Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …
Persistent link: https://www.econbiz.de/10011440820
Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational … on this, we analyse the relationships between giving and receiving significant wealth transfers and experiencing key life … events. We use newly-available data from the UK Wealth and Assets Survey to investigate recipients' self-reported transfer …
Persistent link: https://www.econbiz.de/10014480459
-cycle model as well as saving motives that are consistent with the altruism model are important in Europe implies that the two … suggests that this model is far more applicable in Europe than is the altruism model. Moreover, our finding that the … intergenerational transfers motive, which is the saving motive that most exemplifies the altruism model, accounts for only about one …
Persistent link: https://www.econbiz.de/10015047840
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows …Transfers from parents - either in the form of gifts or inheritances - have received much attention as a source of … Inflows available to an individual (defined as the capitalized sum of net labor income, government transfers, and gifts and …
Persistent link: https://www.econbiz.de/10012815788
newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are …We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …
Persistent link: https://www.econbiz.de/10014480408
Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth.Gifts and inheritances …Transfers from parents-either in the form of gifts or inheritances-have received much attention as a source of … as the capitalized sum of net labor income, government transfers, and gifts and inheritances received over the period …
Persistent link: https://www.econbiz.de/10014083901
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows …Transfers from parents—either in the form of gifts or inheritances—have received much attention as a source of … Inflows available to an individual (defined as the capitalized sum of net labor income, government transfers, and gifts and …
Persistent link: https://www.econbiz.de/10013305650
Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth. Gifts and inheritances …Transfers from parents - either in the form of gifts or inheritances - have received much attention as a source of … as the capitalized sum of net labor income, government transfers, and gifts and inheritances received over the period …
Persistent link: https://www.econbiz.de/10012805994