“Intergenerational transfers: the distribution of inheritances, gifts and loans, Great Britain: 2014 to 2016,” (October 2018, .pdf and HTML format, 31p.).
October 31, 2018
CAAR – UK Office for National Statistics Article – October 31, 2018
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July 12, 2016
CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Papers – July 12, 2016
A. “On the Heterogeneity in Longevity among Socioeconomic Groups: Scope, Trends, and Implications for Earnings-Related Pension Schemes,” by Mercedes Ayuso, Jorge Miguel Bravo, and Robert Holzmann (Discussion Paper No. 10060, July 2016, .pdf format, 31p.). Note: Links to the abstract and the full text of the paper available at:
www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10060
B. “Commitment in the Household: Evidence from the Effect of Inheritances on the Labor Supply of Older Married Couples,” by David M. Blau and Ryan Goodstein (Discussion Paper No. 10059, July 2016, .pdf format, 45p.). Note: Links to the abstract and the full text of the paper available at:
www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10059
C. “Does Money Relieve Depression? Evidence from Social Pension Eligibility,” by Xi Chen and Tianyu Wang (Discussion Paper No. 10037, July 2016, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:
www.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10037
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July 8, 2016
September 10, 2015
April 13, 2015
CAAR – Institute for Fiscal Studies [London, UK] Working Paper – April 13, 2015
“A tale of three distributions: inheritances, wealth and lifetime income,” by Rowena Crawford and Andrew Hood (W15/14, April 2015, .pdf format, 32p.). Note: Links to the abstract and the full text of the paper available at:
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November 15, 2012
CAAR – University of Michigan Retirement Research Center Working Paper – November 15, 2012
“Motives for Bequests within the Middle Class,” by Amanda Sonnega and John P. Laitner (WP 2012-275, October 2012, .pdf format, 17p.). Note: Links to the abstract and full-text can be found at:
www.mrrc.isr.umich.edu/publications/index_abstract.cfm?ptid=1&pid=864
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October 11, 2012
CAAR – National Bureau of Economics Research Working Paper – October 11, 2012
“Dynamic Aspects of Family Transfers,” by Kathleen McGarry (w18446, October 2012, .pdf format, 25p.).
Abstract:
Each year parents transfer a great deal of money to their adult children. While intuition might suggest that these transfers are altruistic and made out of concern for the well-being of the children, empirical tests of the model have consistently yielded negative results. However, an important limitation in these sorts of studies and of our understanding of transfers in general has stemmed our inability to observe transfers over time. Estimates of patterns in a single cross section necessarily miss important aspects of behavior. In this paper I expand on the static altruistic model and posit a dynamic model in which parents use current observations on the incomes of their children to update their expectations regarding future incomes and desired future transfers. I then draw on data spanning a 17 year period to examine the dynamic aspects of transfer behavior. I find substantial change across periods in recipiency, large differences across children within the family, and a strong negative correlation between inter vivos transfers and the transitory incomes of the recipients. This evidence suggests that dynamic models can provide insights into transfer behavior that are impossible to obtain in a static context.
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