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• W2165047919 abstract "Reforms reducing the generosity of pensions have distrbutional effects on future generations if individuals care about their descendant's welfare, but only affect elderly individuals if bequests are the unintentional result of precautionary savings. And safety-nets programmes such as unemployment insurance may displace sources of private help, such as that provided by living parents to their children in need. This paper provides comparable measures of how expected bequests and transfers vary with cumulated earnings in the United States, West Germany and the United Kingdom. The strength of bequest motives is very weak in the available data. Private inter vivos transfers, which appear to depend on the recipient's economic situation, are partly crowded out by public unemployment insurance programmes. Together, involuntary bequests and intentional inter vivos transfers appear to be an important channel of intergenerational inequality transmission, and strengthen substantially the relationship between an individual and his parents' economic status." @default.
• W2165047919 created "2016-06-24" @default.
• W2165047919 creator A5050656382 @default.
• W2165047919 date "2005-08-05" @default.
• W2165047919 modified "2023-09-23" @default.
• W2165047919 title "Inter Vivos Transfers and Bequests in Three OECD Countries" @default.
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