BEQUEST RECEIPT AND FAMILY SIZE EFFECTS

This article tests the connection between credit constraints and negative family size effects on child earnings using bequest receipt to signal access to credit markets. The dominant economic model of fertility predicts a negative relationship between family size and child achievement. In the model, limits on borrowing create this "quality-quantity trade-off." This article tests for the relevance of credit constraints using Panel Study of Income Dynamics data to compare family size effects across groups defined by bequest receipt. Contrary to the credit constraints explanation, those receiving large bequests exhibit large family size effects, while those not receiving bequests show little to no effect . ( JEL J13, D1, I2)     

PLANNED AND UNPLANNED BEQUESTS

We distinguish between bequests that are planned as part of a lifetime optimization process and those that are the unplanned result of errors in forecasting the date of death. Given the initial endowment we expect a positive relation between the bequest and the planning horizon, and a negative relation between unexpectedly long life and the bequest. A unique data set on wealthy decedents and their parents provides measures of expected horizons based on parents' longevity. Both predictions are confirmed, and there is an especially large and significant positive relation between the bequest and the length of the planning horizon.     

Bequest Motives, Social Security, and Economic Growth

This article conducts a systematic analysis of four bequest motives in a simple model of endogenous growth. It analyzes how bequest motives affect fertility, savings, growth, and the effects of pay-as-you-go Social Security. It is found that altruistic and exchange motives give equivalent outcomes if the discount factors are set the same. The outcome under the joy-of-giving motive may involve a higher bequest ratio, higher saving, and better growth rates than that under altruism. If bequests are accidental, the equilibrium values will depend on the probability of survival. Moreover, the results provide testable implications on bequest motives.     

Bequests and family traditions: the case of nineteenth century France

Like father, like son: is the bequest behavior of children “inherited” from that of their parents? Most economic models (altruistic, paternalistic or exchange models) postulate that bequest behavior does not depend per se on parents’ behavior. Yet because of data limitations, few empirical studies have analyzed the link between bequests left and inheritances received. In this paper, we evaluate the effect of inheritance relative to lifetime income on the amount that individuals bequeath, in the case of France. This study uses original historical data including wealth genealogies covering the nineteenth and first half of the twentieth centuries for the Loire Inférieure département. Empirical evidence suggests that the propensity to bequeath is much greater for inheritance than for human resources: a deceased having inherited twice the average wealth leaves 35–60 % more to his own heirs that the average for his generation. In nineteenth century France, bequests are explained more by inheritance received than by personal savings per se.     

Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on actual bequests, bequest motives, and bequest division, the paper presents data on the strength of bequest motives, stated bequest motives, and bequest division plans from a new international survey conducted in China, India, Japan, and the United States. It finds striking inter-country differences in bequest plans, with the bequest plans of Americans and Indians appearing to be much more consistent with altruistic preferences than those of the Japanese and Chinese and the bequest plans of the Japanese and Chinese appearing to be much more consistent with selfish preferences than those of Americans and Indians. These findings have important implications for the efficacy and desirability of stimulative fiscal policies, public pensions, and inheritance taxes.     

Bequest motives and barriers to giving: The case of direct mail donors

Charitable bequests currently account for 9 percent of overall giving in the United States. In this study we examine the motives for this form of support and the potential barriers to giving perceived by members of bequest societies or legacy clubs solicited through direct mail. Through a series of eight focus groups we delineate the individual motives for offering a bequest, the organizational factors that drive gifts of this type, and the potential barriers that could prevent such a gift from being made. The implications for professional fundraising practice are explored.     

Emotional and Physical Satisfaction in Noncohabiting,Cohabiting, and Marital Relationships: The Importance of Jealous Conflict

This article examines whether associations between marital status and emotional and physical satisfaction depend on jealous conflict associated with expectations about sexual exclusivity. Using data from a representative sample of 681 women and men drawn from the city of Chicago and its inner suburbs, this study estimated logistic regression models of jealous conflict and ordered logistic regression models of adults' reported emotional and physical satisfaction of their relationships. The results show that marriages are less exposed to jealous conflict than cohabiting and noncohabiting relationships. Regarding emotional and physical satisfaction, their associations with marital status were contingent upon whether individuals reported jealous conflict in their relationships. Specifically, in relationships without jealous conflict, married couples were more emotionally satisfied than noncohabiting couples. Married couples, but not cohabiting and noncohabiting couples, had significantly lower emotional and physical satisfaction when jealous conflict occurred. Cohabitors were not less emotionally or physically satisfied than married respondents. Overall, this research supports the argument that sexual exclusivity expectations are important for understanding the link between marital status and relationship quality.     

Characteristics of Older Adults with Written Wills

Using data from the Study of Aging and Health Dynamics of the Oldest Old (AHEAD), an empirical model was tested to examine and explain the presence of a will among older adults. This study investigated the influence of the following multiple factors on the presence of a written will: demographic characteristics, socioeconomic status, physical health problems, negative psychological functioning, sense of control, and financial assessments. Two-thirds of the sample (N = 521) indicated they had a written will. Logistic regression analysis of the empirical model revealed there were four significant predictors of an older adult having a will: race, education, net worth, and the respondent's assessment regarding the chances of leaving a financial bequest.     

Socioeconomic,Sociodemographic and Attitudinal Correlates of the Tempo of Divorce

This study assesses the impact of socioeconomic, sociodemographic, and attitudinal characteristics of husbands and wives on the timing of marital dissolution. The primary concerns were with divorce and the intervals of marital duration before divorce occured. The analysis was based on data collected from an initial sample of 610 couples in the early years of marriage, all of whom resided within a large North Central Standard Metropolitan Statistical Area in 1978. The couples were reinterviewed seven years later in 1985 (N = 544). The data collected from the first wave of subjects were used to identify antecedent characteristics of husbands and wives, whereas, data from the second wave were used to measure the timing (tempo) of marital dissolution among the 105 couples who subsequently divorced. Partial correlation coefficients indicated that the tempo of divorce significantly varied according to the wife's employment status, occupational status, future work plans, father's education, age at marriage, gender role orientation and number of children. Moreover, a multiple classification analysis of these variables showed that under controlled conditions wives' employment status and number of children were more powerful predictors of the tempo of divorce.     

EXPERIMENTAL TESTS OF RICARDIAN EQUIVALENCE

This study employs laboratory experiments to test aspects of Ricardian equivalence. An overlapping generations model forms the basis of the experimental design. Whenever Ricardian equivalence predicts a positive bequest, outcomes close to those predicted occur, after allowance for learning. Observed deviations from Ricardian equilibrium are small, but biased in a Keynesian direction: changes in bequests do not fully offset changes in government debt. The imposition of a binding nonnegativity constraint on bequests produces the predicted neoclassical behavior. The cost to the players of deviations from the theoretical equilibrium is apparently an important determinant of the variability of observed deviations.     

“Best-Laid Plans”: Barriers to Meeting Marital Timing Desires Over the Life Course*

Abstract

Most youth desire to marry, and often around a certain age, but many individuals marry earlier or later than originally desired. Off-time marriage could have consequences for subsequent relationship stability and mental health. Whereas barriers to marriage goals in the short term have been studied extensively, predictors of meeting marital timing expectations over the life course are less well understood. This study examined possible barriers, including socioeconomic characteristics and family experiences, both background and formation, to meeting marital timing desires by age 40 using data from the National Longitudinal Survey of Youth 1979 cohort (NLSY79). Multinomial logistic regression revealed that greater education, religiousness, cohabitation, and premarital childbearing were associated with delayed or forgone marriage, but associations varied by gender and the age at which respondents stated their expectations.     

Job access after leaving education: a comparative analysis of young women and men in rural Germany

Rural labour markets for youth are an interesting research area for labour force transition studies because gender differences begin to appear with the out-migration that leads to a shortage of young women in Europe. Whilst existing studies provide insight into this migration flow, little is known about the young women and men who remain in the labour force in rural areas. The aim of this study is to provide insight into the determinants of job access after leaving education in Germany among the young population aged 15–29 based on the Labour Force Survey of 2002–2009. First, an empirical analysis of student to employment flow in rural areas with respect to social position (degree discipline, age, and socio-professional category) has been conducted. Second, gender-specific multinomial logit models are used to estimate the determinants of access to a first job without a long-term unemployment spell. The results suggest that there are substantive differences in student to employment flow between female and male samples for the variables urbanisation degree of residence (rural, urban, and peri-urbain) and marital status. Contrary to our expectations, living in rural areas does not suggest a significant negative effect in accessing a job within a year. In line with previous studies, being married has a negative influence on female graduates but is positive for their male counterparts.     

Do they get what they expect?: The connection between young adults' future expectations before leaving care and outcomes after leaving care

This study examines the future expectations of young people in out-of-home placements in the last year before leaving care and the association between those expectations and their outcomes after leaving care. The study examines the hypothesis that care leavers with higher future expectations will have better outcomes in the areas of housing, educational achievements, economic status, adjustment to military service, and life satisfaction. The study was conducted through 277 interviews with the young adults at their last year in care and 236 interviews a year after they left care. Higher future expectations while in care were positively correlated with satisfaction in accommodation, economic status and educational achievements and adjustment to required military service after leaving care. These findings emphasize the role of future expectations as a source of resilience and motivation. They also illustrate the importance of designing programs that address care leavers' self-perception and future outlook and offer preparation in concrete areas as the youth transition to adult life.     

Inheritances and Bequest Planning: Evidence from the Survey of Consumer Finances

Using data from the Survey of Consumer Finances, this paper documented the positive correlation between the receipt of an inheritance and the expectation of leaving a bequest. Inheritance recipients were found to have a higher probability of planning to leave a bequest relative to households that had not received an inheritance. Conditional on having already received an inheritance, the likelihood of expecting to leave a bequest was even larger for households that anticipated to receive an inheritance in the future. The findings in this paper suggest that inheritances already received or expected to be received may be an important transmission mechanism underlying the bequest motive.     

Characteristics of the Homeless Mentally III in Case Management: Differentiation Using Major Diagnostic Categories

The homeless mentally ill are more disabled than other homeless people and require more services, but important variations exist. This study examined relationships between broad Axis I diagnostic clusters and demographic and service variables for 328 clients receiving case management at a community program for the chronic mentally ill homeless. Demographic characteristics, medical history, educational, psychological, and marital history, and case management variables were examined for psychotic, affective, and miscellaneous other clients. Differences were found in such areas as suicide attempts and current suicide status, psychiatric treatment history, education, overall impairment of functioning, length of time homeless, and time in case management but not in status at termination or number of senlices required. Psychotics had lower adaptive functioning, spent less time in case management, but had as successful outcomes as affective clients. Psychiatric diagnosis provides information that might assist case management for the homeless mentally ill.     

Characteristics of the homeless mentally ill in case management: Differentiation using major diagnostic categories

The homeless mentally ill are more disabled than other homeless people and require more services, but important variations exist. This study examined relationships between broad Axis I diagnostic clusters and demographic and service variables for 328 clients receiving case management at a community program for the chronic mentally ill homeless. Demographic characteristics, medical history, educational, psychological, and marital history, and case management variables were examined for psychotic, affective, and miscellaneous other clients. Differences were found in such areas as suicide attempts and current suicide status, psychiatric treatment history, education, overall impairment of functioning, length of time homeless, and time in case management but not in status at termination or number of services required. Psychotics had lower adaptive functioning, spent less time in case management, but had as successful outcomes as affective clients. Psychiatric diagnosis provides information that might assist case management for the homeless mentally ill.     

Husband's Characteristics and Marital Disruption in Black Families*

Throughout the 1960s and the 1970s a great deal of scholarly and popular literature has addressed the status of blacks in American society, some of it concerned with the stability of black family life. This paper, concerned with the relationship between husband's characteristics and marital disruption, focuses on 575 intact black families and identifies several factors associated with disruption. Although husband's age is the strongest bivariate predictor of marital disruption, husband's income is the most important predictor; and husband's employment problems and religiosity are also strong predictors. A causal model of marital disruption shows that education, employment and age at marriage influence marital disruption through their influence on income. Only age, income and religiosity had a significant direct effect.     

Women and Access to Political Office: a Comparison of Female and Male State Legislators

The status of women in state legislatures is examined in terms of representation across the United States. A sample of female state legislators and a sample of male state legislators are compared on social and political career characteristics, including marital status, education, occupation, age when one began serving, election mobility, party leadership, and tenure. Party leadership, education, age and, to a lesser extent, occupation were found to distinguish female from male legislators. But party leadership significantly differentiated only between female and male legislators with less than a college degree. Overall, access to state legislative office seems to depend on the same characteristics which define success in society as a whole; for certain groups of women, however, achievement within party ranks provides an alternative mechanism to this end.     

Transnational Vietnamese American Marriages in the New Land

This article examines the transnational marriages between Vietnamese men living abroad and Vietnamese women living in Vietnam. By presenting conceptual and cultural evidence to discern the dynamics of gender roles and marriage expectations in transnational marriages, the article seeks to uncover the uniqueness of roles and expectations within this culture. A closer look reveals possible marital issues based on incongruent expectations between the two parties, which may lead to possible mental health and domestic violence issues. Further, the article expounds on the barriers in receiving help. Practice, policy, and research suggestions are included.     

How do vulnerable youth complete secondary education? The key role of families and the community

This article demonstrates how the engagement of families and other community members in decision-making processes in a school may prevent early school leaving among vulnerable youth and simultaneously increase their enrolment in secondary education. Based on a large-scale, EU-funded study, this article focuses on the case of one school located in a deprived area inhabited mainly by Roma people – one of the vulnerable populations most affected by early school leaving – where a specific egalitarian participatory process of Roma families was implemented. According to the analysis of the collected data, this participation contributed to a reduction in student dropout rates during primary education, led to the implementation of compulsory secondary education in the same school, and increased the numbers of students who graduated from secondary school. These achievements transformed the educational and social prospects of vulnerable youth who were following the path to failure and who now dream of continuing their studies. Furthermore, these youth are acting as role models for younger children in primary education, helping to prevent school dropout and early school leaving from early ages. The case shows how the community participation in decision-making processes transformed the climate and expectations regarding education in the neighbourhood.