CDHA CAAR

October 31, 2018

CAAR – UK Office for National Statistics Article – October 31, 2018

Filed under: Reports and Articles — Tags: , — admin @ 4:41 pm

Intergenerational transfers: the distribution of inheritances, gifts and loans, Great Britain: 2014 to 2016,” (October 2018, .pdf and HTML format, 31p.).

www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/articles/intergenerationaltransfersthedistributionofinheritancesgiftsandloans/2018-10-30

July 12, 2016

CAAR – Institute for the Study of Labor (IZA) [University of Bonn, Germany] Working Papers – July 12, 2016

Filed under: Working Papers — Tags: , , — admin @ 4:57 pm

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

July 8, 2016

CAAR – Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany] Working Papers – July 8, 2016

Filed under: Working Papers — Tags: , , — admin @ 5:06 pm

A. “Inherited Wealth and Demographic Aging,” by Harun Onder and Pierre Pestieau (CESifo Working Paper No. 5984, July 2016, .pdf format, 18p.). Note: Links to the abstract and the full text of the paper available at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19235487

B. “Aging, Social Security Design, and Capital Accumulation,” by Antoine Dedry, Harun Onder, and Pierre Pestieau (CESifo Working Paper No. 5979, July 2016, .pdf format, 27p.). Note: Links to the abstract and the full text of the paper available at:

www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19235472

September 10, 2015

CAAR – Center for Retirement Research at Boston College Issue Briefs – September 10, 2015

Filed under: Reports and Articles — Tags: , , , — admin @ 5:04 pm

A. “How Do Inheritances Affect the National Retirement Risk Index?” by Alicia H. Munnell, Wenliang Hou and Anthony Webb (IB 15-15, September 2015, .pdf format, 8p.).

crr.bc.edu/briefs/how-do-inheritances-affect-the-national-retirement-risk-index/

B. “No Social Security COLA Causes Medicare Flap,” by Alicia H. Munnell and Anqi Chen (IB 15-14, August 2015, .pdf format, 8p.).

crr.bc.edu/briefs/no-social-security-cola-causes-medicare-flap/

April 13, 2015

CAAR – Institute for Fiscal Studies [London, UK] Working Paper – April 13, 2015

Filed under: Working Papers — Tags: , , — admin @ 4:44 pm

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:

www.ifs.org.uk/publications/7694

November 15, 2012

CAAR – University of Michigan Retirement Research Center Working Paper – November 15, 2012

Filed under: Working Papers — Tags: — admin @ 4:51 pm

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

October 11, 2012

CAAR – National Bureau of Economics Research Working Paper – October 11, 2012

Filed under: Working Papers — Tags: — admin @ 3:42 pm

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.

www.nber.org/papers/w18446

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