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dc.contributor.authorAlmås, Ingvild
dc.contributor.authorFreddi, Eleonora
dc.contributor.authorThøgersen, Øystein
dc.date.accessioned2016-05-31T07:14:27Z
dc.date.available2016-05-31T07:14:27Z
dc.date.issued2016-05-31
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/2390854
dc.description.abstractParticularly high saving rates among the elderly in both rural and urban China call for an investigation of the involved bequest motive. Utilizing unique survey data from a diverse group of Chinese households, we document that the magnitude of the bequest from parent to child is synchronized with the level of personal assistance from child to parent. Moreover, both bequest and assistance are increasing in the parent's income and decreasing in the child's income. Comparing with the prediction from a stylized overlapping generations model, these findings are consistent with an exchange-based bequest motive. This conclusion has implications for how public policies and transfer schemes may be designed in order to contribute to the government objective of increased private consumption. Our results indicate that an important driver for our result is the housing wealth as part of the bequest.nb_NO
dc.language.isoengnb_NO
dc.relation.ispartofseriesSAM;10/2016
dc.subjectBequest, intergenerational exchange, housing wealth, Chinese savingnb_NO
dc.titleSaving and Bequest in China: An Analysis of Intergenerational Exchange.nb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210nb_NO
dc.source.pagenumber38nb_NO


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