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Article: Bequest motives, social security, and economic growth

TitleBequest motives, social security, and economic growth
Authors
Issue Date2001
PublisherWiley-Blackwell Publishing, Inc.. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0095-2583
Citation
Economic Inquiry, 2001, v. 39 n. 3, p. 453-466 How to Cite?
AbstractThis article conducts a systematic analysis of four bequest motives in a simple model of endogenous growth. It analyzes how bequest motives affect fertility, savings, growth, and the effects of pay-as-you-go Social Security. It is found that altruistic and exchange motives give equivalent outcomes if the discount factors are set the same. The outcome under the joy-of-giving motive may involve a higher bequest ratio, higher saving, and better growth rates than that under altruism. If bequests are accidental, the equilibrium values will depend on the probability of survival. Moreover, the results provide testable implications on bequest motives. (JEL D1, D9, H55, J1).
Persistent Identifierhttp://hdl.handle.net/10722/177687
ISSN
2015 Impact Factor: 1.091
2015 SCImago Journal Rankings: 1.150
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, Jen_US
dc.contributor.authorZhang, Jen_US
dc.date.accessioned2012-12-19T09:39:32Z-
dc.date.available2012-12-19T09:39:32Z-
dc.date.issued2001en_US
dc.identifier.citationEconomic Inquiry, 2001, v. 39 n. 3, p. 453-466en_US
dc.identifier.issn0095-2583en_US
dc.identifier.urihttp://hdl.handle.net/10722/177687-
dc.description.abstractThis article conducts a systematic analysis of four bequest motives in a simple model of endogenous growth. It analyzes how bequest motives affect fertility, savings, growth, and the effects of pay-as-you-go Social Security. It is found that altruistic and exchange motives give equivalent outcomes if the discount factors are set the same. The outcome under the joy-of-giving motive may involve a higher bequest ratio, higher saving, and better growth rates than that under altruism. If bequests are accidental, the equilibrium values will depend on the probability of survival. Moreover, the results provide testable implications on bequest motives. (JEL D1, D9, H55, J1).en_US
dc.languageengen_US
dc.publisherWiley-Blackwell Publishing, Inc.. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0095-2583en_US
dc.relation.ispartofEconomic Inquiryen_US
dc.titleBequest motives, social security, and economic growthen_US
dc.typeArticleen_US
dc.identifier.emailZhang, J: jjzhang@econ.hku.hken_US
dc.identifier.authorityZhang, J=rp01124en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1093/ei/39.3.453en_US
dc.identifier.scopuseid_2-s2.0-0035633293en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035633293&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume39en_US
dc.identifier.issue3en_US
dc.identifier.spage453en_US
dc.identifier.epage466en_US
dc.identifier.isiWOS:000169606700009-
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridZhang, J=7601360094en_US
dc.identifier.scopusauthoridZhang, J=55367373100en_US

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