Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102073
Authors: 
Horioka, Charles Yuji
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, School of Economics, University of the Philippines 2014-06
Abstract: 
This paper presents a brief exposition of three theoretical models of household behavior and shows that these models have very different implications for bequest motives and bequest division, surveys previous empirical studies on bequest motives and bequest division, presents unique survey data on bequest motives and bequest division in four countries, shows that there are large inter-country differences in the degree of selfishness and altruism, with the Japanese and Chinese being predominantly selfish and Indians and Americans being predominantly altruistic, and argues that differences in religiosity appear to be the main cause of inter-country differences in the degree of selfishness and altruism.
Subjects: 
bequests
inheritances
estates
inter vivos transfers
intergenerational transfers
bequest motives
bequest division
equal division
altruism
selfishness
selfish life cycle model
altruism model
dynasty model
primogeniture
selfish exchange model
JEL: 
D12
D91
E21
Z12
Document Type: 
Working Paper

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