Altruistic Bequests: Giving Motive and Receipt Expectation Using the 2019 Survey of Consumer Finances

Authors

  • Jason Anderson
  • Stuart Heckman Texas Tech University
  • Jeffrey Furlong Kansas State University

DOI:

https://doi.org/10.61190/fsr.v32i1.3212

Keywords:

Bequest, Bequst Motives, SCF

Abstract

This study uses Altruistic Bequest Theory to update research by Kao et al. (1997) exploring the factors driving the giving and receiving of bequests using data collected from the 2019 Survey of Consumer Finances (SCF). Altruistic variables demonstrated significant, although at times weak, relationships across the three categories of the analysis (bequest versus no bequest, bequest versus maybe bequest, maybe bequest versus no bequest). Alternatively, results show economic, attitudinal, and sociodemographic variables as the main drivers for the giving and receiving of bequests.

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Published

2024-03-22

How to Cite

Anderson, J., Stuart Heckman, & Jeffrey Furlong. (2024). Altruistic Bequests: Giving Motive and Receipt Expectation Using the 2019 Survey of Consumer Finances. Financial Services Review: The Journal of Individual Financial Management, 32(1), 29–46. https://doi.org/10.61190/fsr.v32i1.3212

Issue

Vol. 32 No. 1 (2024): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2024 Jason Anderson, Stuart Heckman, Jeffrey Furlong

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