Private Intergenerational Transfers and Population Aging

The German Case

Nonfiction, Social & Cultural Studies, Political Science, Government, Social Policy, Politics, Economic Policy, Business & Finance
Cover of the book Private Intergenerational Transfers and Population Aging by Erik Lüth, Physica-Verlag HD
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Author: Erik Lüth ISBN: 9783642575884
Publisher: Physica-Verlag HD Publication: December 6, 2012
Imprint: Physica Language: English
Author: Erik Lüth
ISBN: 9783642575884
Publisher: Physica-Verlag HD
Publication: December 6, 2012
Imprint: Physica
Language: English

In the forthcoming decades the industrialized countries will experience a demographic transition that is unprecedented in history. While the transition's impact on public pension schemes has extensively been examined, its implication for private intergenerational transfers has gone almost unnoticed by the literature. This study attempts to make up for that gap in the literature. It gives a comprehensive overview of private transfer patterns in Germany, extends the methodology of generational accounting to include private intergenerational transfers, and presents a computable general equilibrium model that for the first time allows to analyze various bequest motives in a unified framework.

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In the forthcoming decades the industrialized countries will experience a demographic transition that is unprecedented in history. While the transition's impact on public pension schemes has extensively been examined, its implication for private intergenerational transfers has gone almost unnoticed by the literature. This study attempts to make up for that gap in the literature. It gives a comprehensive overview of private transfer patterns in Germany, extends the methodology of generational accounting to include private intergenerational transfers, and presents a computable general equilibrium model that for the first time allows to analyze various bequest motives in a unified framework.

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