Survival of the gene, intergenerational transfers and precautionary saving

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

5 Citations (Scopus)

Abstract

This paper provides a model of bequest and investment in children's human capital at low incomes. It posits that parents and children are linked through their common concern of grandchildren and intergenerational transfers provide a material basis for the perpetuation of the family line. The model characterizes intergenerational strategic interactions in a dynamic game theoretical framework. Moreover, it explores intergenerational uncertainty as a source of precautionary saving. In contrast with the existing literature, the model implies that there are qualitative differences between precautionary saving from one's own income uncertainty and precautionary bequests from children's income uncertainty.
Original languageEnglish
Pages (from-to)451-479
Number of pages29
JournalJournal of Development Economics
Volume76
Issue number2
DOIs
Publication statusPublished - 1 Apr 2005

Fingerprint

Precautionary saving
Intergenerational transfers
Gene
Bequests
Income uncertainty
Uncertainty
Low income
Dynamic games
Theoretical framework
Human capital
Strategic interaction

Keywords

  • Intergenerational transfers
  • Precautionary bequest
  • Survival of the gene

Cite this

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Survival of the gene, intergenerational transfers and precautionary saving. / FAN, Chengze, Simon.

In: Journal of Development Economics, Vol. 76, No. 2, 01.04.2005, p. 451-479.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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