全球智库信息集成服务系统(G2TT): Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8753
来源ID	Working Paper 8753
	Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior
	Jeffrey R. Brown; Scott J. Weisbenner
发表日期	2002-01-31
出版年	2002
语种	英语
摘要	This paper provides new evidence on the decomposition of aggregate household wealth into life-cycle and transfer wealth. Using the 1998 Survey of Consumer Finances, it finds that transfer wealth accounts for approximately one-fifth to one-quarter of aggregate wealth, suggesting a larger role for life-cycle savings than some previous estimates. Despite the smaller aggregate size of transfer wealth, its concentration among a small number of households suggests that it can still have an important effect on the savings decisions of recipients. Estimates suggest that past receipts of transfer wealth reduce life-cycle savings by as much as dollar-for-dollar, while expected future transfers do not produce such a crowd-out effect.
主题	Public Economics
URL	https://www.nber.org/papers/w8753
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/566360
推荐引用方式 GB/T 7714	Jeffrey R. Brown,Scott J. Weisbenner. Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior. 2002.