| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26621 |
| 来源ID | Working Paper 26621 |
| The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis | |
| Charles Yuji Horioka; Emin Gahramanov; Aziz Hayat; Xueli Tang | |
| 发表日期 | 2020-01-06 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In this paper, we conduct a theoretical and empirical analysis of the impact of bequest motives on the work and retirement behavior of households in Japan using micro data from the Preference Parameters Study of Osaka University. Our empirical findings are consistent with our theoretical model and show that respondents with an altruistic or strategic/exchange bequest motive work more at the intensive margin than those without any bequest motive but that respondents with a strategic or exchange bequest motive work less at the extensive margin (i.e., retire earlier) than those without any bequest motive. Our findings for the strategic or exchange motive suggest that respondents with such a motive tend to work harder than others before they retire so that they can earn more, leave a larger bequest to their children, and elicit more care from them but that they tend to retire earlier than others so that they can start receiving care for themselves and their spouses from their children sooner. A policy implication of our findings is that the exchange of bequests for the care of parents by children may be very sensitive to the inheritance tax framework. |
| 主题 | Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Labor Economics ; Demography and Aging ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w26621 |
| 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/584294 |
| 推荐引用方式 GB/T 7714 | Charles Yuji Horioka,Emin Gahramanov,Aziz Hayat,et al. The Impact of Bequest Motives on Retirement Behavior in Japan: A Theoretical and Empirical Analysis. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26621.pdf（558KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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