Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331467 
Title: 
Year of Publication: 
2025
Series/Report no.: 
ISER Discussion Paper No. 1288
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated by altruism and sometimes by selfishness, that they affect the consumption and saving behavior of households to some extent, especially that of elderly households, that they affect the labor supply behavior of households, especially that of bequest recipients, and that they have important policy implications.
Subjects: 
altruism
bequests
consumption
inter vivos transfers
intergenerational transfers
labor supply
life-cycle model
long-term care insurance
Ricardian equivalence
saving
selfishness
strategic bequest motive
wealth disparities
JEL: 
D11
D12
D14
D15
D31
D64
E21
H3
J22
Additional Information: 
Forthcoming in José M. Labeaga and José Alberto Molina, eds., Elgar Encyclopedia of Consumption (Cheltenham, Gloucester, UK: Edward Elgar Publishing).
Document Type: 
Working Paper

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