作者
B Douglas Bernheim
发表日期
1991/10/1
期刊
Journal of political Economy
卷号
99
期号
5
页码范围
899-927
出版商
The University of Chicago Press
简介
This paper presents new empirical evidence in support of the view that a significant fraction of total saving is motivated by the desire to leave bequests. Specifically, I find that social security annuity benefits significantly raise life insurance holdings and depress private annuity holdings among elderly individuals. These patterns indicate that the typical household would choose to maintain a positive fraction of its resources in bequeathable forms, even if insurance markets were perfect. Evidence on the relationship between insurance purchases and total resources reinforces this conclusion.
引用总数
学术搜索中的文章
BD Bernheim - Journal of political Economy, 1991