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Centre for Policy on Ageing | |
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| Economic analysis of the bequeathing behavior of the elderly households in Japan | | Author(s) | Kohei Komamura |
| Journal title | Review of Social Policy, no 5, March 1996 |
| Publisher | Social Development Research Institute, Tokyo, March 1996 |
| Pages | pp 97-117 |
| Source | Social Development Research Institute, 19-8, Akasaka 2-chome, Minato-ku, Tokyo 107, Japan. |
| Keywords | Assets [elderly] ; Wills ; Parents ; Children [offspring] ; Family care ; Living with family ; Japan. |
| Annotation | With the soaring of land and stock prices in the Japanese economy, inheritance has come to play an increasingly important role. The distribution of inheritable assets among family members affects the living conditions of older people and the asset formation of both older and younger people. Detailed investigation into how the assets of the parents are distributed is a major theme in the study of the patterns of saving and the supply of labour for the care of older people. In this study, an empirical analysis using survey data, was conducted based on the selfish, exchange-oriented bequest motive model, which assumes that the bequest is made by parents to children in return for their support of, or living together with, the parents. A positive relationship is confirmed between the parent-child cohabitation or support of the parents and the amount of a bequest. It is also confirmed that this relationship varies according to the gender of the heir, the living conditions of parents and the history of asset formation. The study concluded that the reform of the inheritance law to reduce the legal portion of inheritable assets distributed to each child will have political implications, as it will improve the welfare of older people. (AKM). |
| Accession Number | CPA-980514228 A |
| Classmark | JD: VTH: SR: SS: P6:SJ: KA:SJ: 7DT |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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