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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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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
rank them but that the retirement motive is the most important saving motive of European households if the quantitative …We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey … saving motive of European households when the proportion of households saving for each motive is used as the criterion to …
Persistent link: https://www.econbiz.de/10015056164
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The Wealth Decumulation Behavior of the Retired Elderly in Italy : The Importance of Bequest Motives and Precautionary Saving
Ventura, Luigi - 2020
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the “Survey of Italian Households' Income and Wealth,” a panel survey of households conducted every two years by the … saving. Thus, the Wealth Decumulation Puzzle (the tendency of the retired elderly to decumulate their wealth more slowly than …
Persistent link: https://www.econbiz.de/10012837210
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The wealth decumulation behavior of the retired elderly in Japan : the relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and …
Persistent link: https://www.econbiz.de/10011912032
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The wealth decumulation behavior of the retired elderly in Japan: The relative importance of precautionary saving and bequest motives
Niimi, Yoko; Horioka, Charles - 2018
expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and …
Persistent link: https://www.econbiz.de/10012013653
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The impact of intergenerational transfers on the distribution of wealth : an international comparison
Horioka, Charles - 2024
light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015066903
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Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2022
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … period). These findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle (the tendency of the … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the …
Persistent link: https://www.econbiz.de/10013388826
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The nexus between long-term care insurance, formal care, informal care, and bequests: The case of Japan
Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10015054248
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The nexus between long-term care insurance, formal care, informal care, and bequests : the case of Japan
Horioka, Charles; Gahramanov, Emin; Tang, Xueli - 2024
The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...
Persistent link: https://www.econbiz.de/10015047826
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The impact of intergenerational transfers on the distribution of wealth: An international comparison
Horioka, Charles - 2024
light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015070342