| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6099 |
| DP6099 Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate | |
| Willem Buiter | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Traditional descent systems can roughly be divided into patrilineal and matrilineal. In the latter, a man?s heir is not his own child but rather his sister?s son. The paper examines the implications of this social norm for the pattern of inter-vivos transfers using household level data from rural Ghana, where the largest ethnic group is traditionally matrilineal. In particular, it tests the predictions of a model of strategic behaviour according to which children should respond to the threat of disinheritance by increasing transfers to their parents during lifetime to induce a donation of land before the default (matrilineal) inheritance is enforced. I find that the credibility of customary norms enforcement, as proxied by the presence of a nephew in the father?s household, significantly increases the probability of receiving transfers from children for Akans but not for other groups. The effect is specific to nephews and not to other co-resident boys. This pattern of behaviour can affect asset accumulation decisions across generations. |
| 主题 | Development Economics ; Public Economics |
| 关键词 | Inter-vivos transfers Matrilineal inheritance Social norms Strategic bequests |
| URL | https://cepr.org/publications/dp6099 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534938 |
| 推荐引用方式 GB/T 7714 | Willem Buiter. DP6099 Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate. 2007. |
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