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https://hdl.handle.net/20.500.14094/90008667

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メタデータ

ファイル出力

メタデータID
90008667
アクセス権
open access
出版タイプ
Version of Record
タイトル
The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis
著者
Horioka, Charles Yuji ; Gahramanov, Emin ; Hayat, Aziz ; Tang, Xueli
著者ID
A2441
研究者ID
1000090173632
KUID
https://kuid-rm-web.ofc.kobe-u.ac.jp/search/detail?systemId=ceaf155f797abb86520e17560c007669
著者名
Horioka, Charles Yuji
ホリオカ チャールズ, ユウジ
所属機関名
経済経営研究所
著者名
Gahramanov, Emin
著者名
Hayat, Aziz
著者名
Tang, Xueli
言語
English (英語)
収録物名
Journal of the Japanese and International Economies
巻(号)
62
ページ
101166
出版者
Elsevier
刊行日
2021-12
公開日
2021-10-14
抄録
Do individuals who want to leave a bequest work more and retire later than other individuals? Does the reason for wanting to leave a bequest (altruism vs. exchange) matter? In this paper, we conduct a theoretical and empirical analysis of the impact of bequest motives on the labor supply and retirement behavior of households in Japan, and to the best of our knowledge, it is virtually the first paper to do so. We conduct an empirical analysis using micro data from a unique survey-the Preference Parameters Study of Osaka University-and show that respondents with an altruistic or strategic/exchange bequest motive work more at the intensive margin than those without any bequest motive but that respondents with a strategic or exchange bequest motive work less at the extensive margin (i.e., retire earlier) than those without any bequest motive. Our findings for the strategic or exchange motive suggest that respondents with such a motive tend to work more than others before they retire so that they can earn more, leave a larger bequest to their children, and elicit more care from them but that they tend to retire earlier than others so that they can start receiving care for themselves and their spouses from their children sooner. Our findings have important policy implications because they imply that inheritance taxes may affect people's labor supply and retirement behavior by influencing the strength of their bequest motives and that these effects may differ by the type of bequest motive.
キーワード
Altruism
Bequest motives
Intergenerational transfers
Japan
Labor supply
Retirement
Strategic bequest motive
Working hours
カテゴリ
経済経営研究所
社会システムイノベーションセンター
学術雑誌論文
権利
© 2021 The Author(s). Published by Elsevier Inc.
CC license
This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)
関連情報
DOI
https://doi.org/10.1016/j.jjie.2021.101166