Intergenerational transfers and private savings: an experimental study.
An overlapping-generations experiment was conducted to examine the individual preference between intergenerational transfers and savings. Findings indicated that if savings can be made, individuals decide to gradually opt out of the intergenerational transfer system. In that case, the mean individu...
| Publicado en: | Kyklos Vol. 50; no. 2; pp. 207 - 221 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
1997
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510538234&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510538234 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00235962 KYK jtl: Kyklos issn: 00235962 maglogo: N pubinfo: dt: 1997 vid: 50 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510538234 10.1111/1467-6435.00011 ppf: 207 ppct: 14 formats: fmt: @attributes: type: T tig: atl: Intergenerational transfers and private savings: an experimental study. aug: au: Heijden, Eline C. M. van der Nelissen, Jan H. M. Potters, Jan J. M. su: Overlapping generations model (Economics) Mathematical models of saving & investment Mathematical models Social security sug: subj: Overlapping generations model (Economics) Mathematical models of saving & investment Mathematical models Social security ab: An overlapping-generations experiment was conducted to examine the individual preference between intergenerational transfers and savings. Findings indicated that if savings can be made, individuals decide to gradually opt out of the intergenerational transfer system. In that case, the mean individual pay-offs are reduced but their apportionment among individuals is less erratic, indicating that the risk aversion is a primary cause of the decline of intergenerational transfers. The eagerness to provide for previous generations does not disappear totally, but the amount of solidarity between successive generations, assessed by the correlation between current and past transfers, does not decrease significantly following the introduction of the savings option. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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