你需要的时候还是我死的时候？父母向子女转移金钱的时机

IF 1.2 Q3 ECONOMICS Research in Economics Pub Date : 2024-05-25 DOI:10.1016/j.rie.2024.100974

Giacomo Pasini , Rob Alessie , Adriaan Kalwij

{"title":"你需要的时候还是我死的时候？父母向子女转移金钱的时机","authors":"Giacomo Pasini , Rob Alessie , Adriaan Kalwij","doi":"10.1016/j.rie.2024.100974","DOIUrl":null,"url":null,"abstract":"<div><p>The standard overlapping generations model assumes the ability to borrow against bequests. If this assumption is not met, it may happen that not all generations smooth their consumption over time. We prove that by allowing for inter vivos transfers in this latter situation, all generations smooth consumption, i.e. the first best solution is restored. Next, using a combination of Dutch survey and administrative data, we provide empirical support for the model's implication that parents transfer wealth when their children need to borrow out of future resources. Our findings suggest an instrumental role for inter vivos transfers as a device that generations can resort to for smoothing their consumption over time.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 3","pages":"Article 100974"},"PeriodicalIF":1.2000,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1090944324000383/pdfft?md5=39bbaa91e089c58a6588e93a847c8911&pid=1-s2.0-S1090944324000383-main.pdf","citationCount":"0","resultStr":"{\"title\":\"When you need it or when I die? Timing of monetary transfers from parents to children\",\"authors\":\"Giacomo Pasini , Rob Alessie , Adriaan Kalwij\",\"doi\":\"10.1016/j.rie.2024.100974\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>The standard overlapping generations model assumes the ability to borrow against bequests. If this assumption is not met, it may happen that not all generations smooth their consumption over time. We prove that by allowing for inter vivos transfers in this latter situation, all generations smooth consumption, i.e. the first best solution is restored. Next, using a combination of Dutch survey and administrative data, we provide empirical support for the model's implication that parents transfer wealth when their children need to borrow out of future resources. Our findings suggest an instrumental role for inter vivos transfers as a device that generations can resort to for smoothing their consumption over time.</p></div>\",\"PeriodicalId\":46094,\"journal\":{\"name\":\"Research in Economics\",\"volume\":\"78 3\",\"pages\":\"Article 100974\"},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2024-05-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S1090944324000383/pdfft?md5=39bbaa91e089c58a6588e93a847c8911&pid=1-s2.0-S1090944324000383-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research in Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1090944324000383\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in Economics","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1090944324000383","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

标准的世代重叠模型假定有能力用遗赠借款。如果不满足这一假设，就可能出现并非所有世代都能在一段时间内平滑消费的情况。我们证明，在后一种情况下，如果允许生前转移，所有世代都会平滑消费，即恢复第一最佳解。接下来，我们结合荷兰的调查数据和行政数据，为模型中父母在子女需要从未来资源中借款时转移财富的含义提供了经验支持。我们的研究结果表明，生前转移作为几代人平滑长期消费的一种手段，发挥着重要作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

When you need it or when I die? Timing of monetary transfers from parents to children

The standard overlapping generations model assumes the ability to borrow against bequests. If this assumption is not met, it may happen that not all generations smooth their consumption over time. We prove that by allowing for inter vivos transfers in this latter situation, all generations smooth consumption, i.e. the first best solution is restored. Next, using a combination of Dutch survey and administrative data, we provide empirical support for the model's implication that parents transfer wealth when their children need to borrow out of future resources. Our findings suggest an instrumental role for inter vivos transfers as a device that generations can resort to for smoothing their consumption over time.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

期刊介绍： Established in 1947, Research in Economics is one of the oldest general-interest economics journals in the world and the main one among those based in Italy. The purpose of the journal is to select original theoretical and empirical articles that will have high impact on the debate in the social sciences; since 1947, it has published important research contributions on a wide range of topics. A summary of our editorial policy is this: the editors make a preliminary assessment of whether the results of a paper, if correct, are worth publishing. If so one of the associate editors reviews the paper: from the reviewer we expect to learn if the paper is understandable and coherent and - within reasonable bounds - the results are correct. We believe that long lags in publication and multiple demands for revision simply slow scientific progress. Our goal is to provide you a definitive answer within one month of submission. We give the editors one week to judge the overall contribution and if acceptable send your paper to an associate editor. We expect the associate editor to provide a more detailed evaluation within three weeks so that the editors can make a final decision before the month expires. In the (rare) case of a revision we allow four months and in the case of conditional acceptance we allow two months to submit the final version. In both cases we expect a cover letter explaining how you met the requirements. For conditional acceptance the editors will verify that the requirements were met. In the case of revision the original associate editor will do so. If the revision cannot be at least conditionally accepted it is rejected: there is no second revision.