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We present and test the idea that bequest planning is linked with the experience of inheriting. We consider "a family tradition of bequeathing" as a channel through which the intention to bequeath is moulded by and is positively correlated with the experience of inheriting. Using data from the...
Persistent link: https://www.econbiz.de/10011348212
This Comment takes issue with the inference that Taiwanese data refute the applicability of the demonstration effect in intergenerational transfers. The Comment points to proper and discriminating tests of the demonstration effect.
Persistent link: https://www.econbiz.de/10012651829
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience and we reason...
Persistent link: https://www.econbiz.de/10005764186
Most private giving between living generations takes the form of "tied" transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the "demonstration...
Persistent link: https://www.econbiz.de/10005764225
We propose an explanation for the provision of attention and care to aged parents; we suggest a reason why the presence of young children could support rather than inhibit the provision of this care; and we provide an explanation as to why daughters are more often observed to provide attention...
Persistent link: https://www.econbiz.de/10012510184
Persistent link: https://www.econbiz.de/10011478568
We present and test the idea that bequest planning is linked with the experience of inheriting. We consider "a family tradition of bequeathing" as a channel through which the intention to bequeath is moulded by and is positively correlated with the experience of inheriting. Using data from the...
Persistent link: https://www.econbiz.de/10011348397