Essays on Saving, Bequests, Altruism, and Life‐Cycle Planning

In his introduction to this volume Laurence Kotlikoff describes succinctly what the book does: ‘This book tries to explain why our nation is saving so little, why its bequest behaviour is changing, why wealth is so unequally distributed, whether altruism influences household responses to fiscal policies, how altruism might be modelled, how to formally test the rationality of intertemporal economic choice, whether people are capable of making consistent and appropriate intertemporal decisions, whether they do make such decisions, whether they have the knowledge and tools to help them in that process, and, finally, what they should be doing to prepare for the future’. It is a tribute to the work of Kotlikoff that this volume, which reprints 14 papers of his, largely written over the past 10 years, succeeds so well in saying something substantive about each of this long list of issues. The majority of the papers have already appeared in academic journals. But the links between his various papers are close and the issues that are addressed so inter‐related that bringing them together into one volume is amply justified. Furthermore, there are four unpublished papers in the volume, largely concerned with financial planning over the life cycle

Altruism (biology · Bequest · Economics · Intertemporal choice · Microeconomics · Neoclassical economics · Political science · Positive economics · Rationality · Tribute · Economic theories and models · Fiscal Policy and Economic Growth · Global Health Care Issues · Law · Psychology · Social Psychology

• Parental transfer of financial knowledge and later credit outcomes among low- and moderate-income homeowners

  Open Access•Michal Grinstein-Wei, Michal Grinstein-Weiss et al.•Children and Youth Services Review•2011

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• Rules of Thumb in Life‐Cycle Saving Decisions

  Open Access•Joachim Winter, Joachim K Winter et al.•The Economic Journal•2012

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