Results 11 to 20 of about 12,597 (308)
Life cycle insurance, bequest motives and annuity loads [PDF]
Journal of Economic Dynamics and Control, 2023 We investigate insurance purchases when bequest motives are age-varying and life insurance and life annuities both carry loads. The existing life cycle literature assumes bequests are normal goods without being either necessities or luxuries. Much of the
Aleksandar Arandjelović +2 more
semanticscholar +1 more source
Bequest Motives and the Social Security Notch
Review of economic dynamics (Print), 2023 Bequests may be a key driver of late life savings behavior and more broadly, a determinant of intergenerational inequality. However, distinguishing bequest motives from precautionary savings is challenging. Using data from the Health and Retirement Study,
Siha Lee, K. Tan
semanticscholar +1 more source
Insuring Longevity Risk and Long-Term Care: Bequest, Housing and Liquidity
Social Science Research Network, 2023 We study the impact of housing wealth and individual preferences on demand for annuities and long-term care insurance (LTCI). We build a multi-state lifecycle model that includes longevity risk and health shocks.
Mengyi Xu +3 more
semanticscholar +1 more source
Strategic Parent Meets Detached Child? Parental Intended Bequest Division and Support From Children.
Demography, 2022 While the literature shows that elderly parents may use bequests to reward children who provide them with time support, there is limited evidence on whether younger, less needy parents base their intended bequest division on alternative forms of support ...
Christine Ho
semanticscholar +1 more source
How Large Are Bequest Motives? Estimates Based on Health Shocks
The Review of financial studies, 2022 I analyze the inter vivo transfers and bequest decisions of 700,000 individuals during a period when the decision maker receives negative news regarding their life expectancy. The event that initiates the news is a health outcome.
J. Kvaerner
semanticscholar +1 more source
Rural sociologist, 2021 As the average age of agricultural producers continues to rise, farm succession planning and the large number of anticipated land transfers are expected to transform rural American agricultural production and landscapes.
C. Keske +3 more
semanticscholar +1 more source
Modern tontine with bequest: Innovation in pooled annuity products [PDF]
Insurance, Mathematics & Economics, 2019 We introduce a new pension product that offers retirees the opportunity for a lifelong income and a bequest for their estate. Based on a tontine mechanism, the product divides pension savings between a tontine account and a bequest account.
T. Bernhardt, C. Donnelly
semanticscholar +1 more source
Closed-form Solutions for an Explicit Modern Ideal Tontine with Bequest Motive [PDF]
, 2020 In this paper I extend the work of Bernhardt and Donnelly (2019) dealing with modern explicit tontines, as a way of providing income under a specified bequest motive, from a defined contribution pension pot.
J. Dagpunar
semanticscholar +1 more source
Review of Economics of the Household, 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 2 years by the Bank of Italy ...
L. Ventura, C. Horioka
semanticscholar +1 more source
Determinants of inheritance and gifts taxation in the European Union
International Journal of Management and Economics, 2023 Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a series of factors, such as the country’s affluence, political preferences, preferences for equity, aging ratio, fiscal standing of the
Kudła Janusz +4 more
doaj +1 more source