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SUMMARY:Matthias Kredler (Universidad Carlos III de Madrid)
DTSTART;TZID=Europe/Berlin:20250430T121500
DTEND;TZID=Europe/Berlin:20250430T133000
DTSTAMP:20260920T160257Z
UID:539820111f484269a769ed89f194130e@www.econ.uni-bonn.de
CREATED:20250226T101536Z
DESCRIPTION:The timing of transfers is critical to their value for recipie
 nts. Thus\, although the bulk of family transfers occurs in the form of in
 heritances\, inter-vivos trans- fers may be far more valuable than their s
 ize suggests. To uncover the economic importance of inter-vivos transfers 
 to recipients\, we propose a tractable lifecy- cle model of the family cap
 able of reproducing salient features of the data. We then use the model to
  address the consumption insurance puzzle based on Blun- dell et al. (2008
 ). The model has the potential to narrow the gap between actual consumptio
 n insurance in the data and that predicted by standard incomplete- markets
  models. The model may also provide a novel rationale for the preferen- ti
 al tax treatment of inter-vivos transfers relative to bequests.
LAST-MODIFIED:20250521T084831Z
URL:https://www.econ.uni-bonn.de/macro/en/seminars/mef-seminar-summer-2025
 /matthias-kredler-universidad-carlos-iii-de-madrid
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TZID:Europe/Berlin
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DTSTART:20250330T030000
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