… savings, and consequently in intergenerational transfers. Investing in property could yield
higher returns than monetary savings… saving decisions across intergenerational house transfers…

… The general conclusion is that higher bequest taxation hamper saving behavior and may
disturb the intergenerational exchange process. The bequest tax should, therefore, be set low, …

… (1990) pointed out, if saving rates are high enough, saving … Moreover, the saving rate
that maximizes per capita … saving would benefit the economy, whereas higher saving is …

… Using our indicator of liquidity constraint prior to transfer receipt (liquid savings amounting
to less than 2-months income), we subdivided the sample into households who faced liquidity …

… savings model we develop permits transfers both during and at the end of life, as well as
preference differences for the timing of transfers. … savings motive that impacts saving and inter-…

… that matches these differences shows precautionary savings against medical spending risk
… their savings. In Chapter 4, I explore the motives behind lifetime intergenerational transfers …

… Where YL is labor income, YA asset income, C consumption, S savings and TG and TF
represent public and private transfers, respectively, being positive when they are received by …

… private pension saving of households … intergenerational transfers are a previously
unconsidered determinant of households’ investment decisions regarding private pension savings…

… Over the life cycle, they make consumption/savings and labor … and eventually retire off their
savings and a government-… endogenously determined by the savings of households. Interest …

… As they do, people tend to accumulate property across the life cycle through saving and
inheritance, and older people own assets such as land, structures, and livestock. This means …