The Moderating Role of Depressive Symptoms Between Financial Assets and Bequests Expectation

Choi, Shinae; Wilmarth, Melissa J.

doi:10.1007/s10834-019-09621-7

Cited by 7 publications

(5 citation statements)

References 57 publications

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“…Table 5 reports the frequency of publication based on countries where the studies were conducted. Result shows that most of the publications focused in the USA context (Choi and Wilmarth 2019;DeBoer and Hoang 2017;Edwards 1991;Goetting and Martin 2001;James 2009;Kim and Stebbins 2021;Koss and Baker 2018;Sargeant and Shang 2011;Woosley et al 2017),which accounted for nine publications, followed by two in United Kingdom (Brandon and Crenshaw 2015;Sanders and Smith 2016), two in Australia (Wiepking et al 2010(Wiepking et al , 2012 and only one in European countries (Stark and Nicinska 2015). Further, the results also documented publications on estate planning in non-English market, which three in South Africa (Matchaba-Hove and Troskie 2019; Van der Merwe 2010; Venter 2014) and seven in Asian countries.…”

Section: Descriptive Analysis Of Publication Trendsmentioning

confidence: 80%

“…The authors also further state that the written will is an essential legal tool of estate planning in constructing the estate planning measurement (Brandon and Crenshaw 2015;Choi and Wilmarth 2019;Goetting and Martin 2001;Mahapatra et al 2019). Will refers to a legal document that distributes the decedent's properties to the intended heirs or person(s) after death (Goetting and Martin 2001;Kim and Stebbins 2021).…”

Section: Conceptual Definitions Of Estate Planningmentioning

confidence: 99%

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Estate Planning Behaviour: A Systematic Literature Review

Basir

Ahmad

Rahman

2023

JRFM

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Estate planning is a financial tool for an individual to manage wealth upon his incapacitation or death. Although there are numerous studies on estate planning, there still needs to be an effort to systematically review the estate planning measurements. The paper aims to systematically review the literature published between 1990 to 2021 and evaluate the measures of estate planning and its methodological qualities. The systematic literature review process was guided by the PRISMA protocol, where the articles were selected based on established databases such as WOS, SCOPUS, and Google Scholar. The final sample of 24 articles was reviewed for the estate planning measurement, and it was found that previous studies examined estate planning as a tool for financial, wealth distribution, and succession planning. The measurements of only 10 studies were found to be sufficiently validated, rendering other studies under review to be inadequate in establishing sound empirical conclusions. This review contributes to assisting future researchers in choosing well-validated measurements of estate planning and adapting them accordingly to each context.

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Section: Descriptive Analysis Of Publication Trendsmentioning

confidence: 80%

Section: Conceptual Definitions Of Estate Planningmentioning

confidence: 99%

Estate Planning Behaviour: A Systematic Literature Review

Basir

Ahmad

Rahman

2023

JRFM

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“…Prior research has investigated the possible link between personality traits and the intention to leave a bequest. Choi and Wilmarth (2019) used the 2014 HRS to investigate the moderating effect depression had on the relationship between wealth and the likelihood of leaving an inheritance. Although this study did not investigate personality traits, feeling depressed is a characteristic of neuroticism (Heckman, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

The relationship between parents' personality traits and leaving unequal bequests to children

Sommer

Lim

2022

Fin Plan Rev

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“…The results of the analysis show that more than 90% of urban families in China have bequest motivations, and the families with older age, higher income, more children and sons are more likely to have bequest motivations. Choi et al [10] investigated the relationship between financial assets and bequest expectations. Their samples included 10 340 middle-aged and older Americans from the 2014 Health and Retirement Study.…”

Section: Introductionmentioning

confidence: 99%

Optimal Investment Strategy of Defined Contribution Pension Based on Bequest Motivation and Loss Aversion

XUE

Chuan-yu

Wang

2022

Wuhan Univ. J. Nat. Sci.

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Under the S-shaped utility of loss aversion, this paper considers the bequest motivation of pension plan participants, random salary income before retirement and the substitution rate between receiving pension benefits after retirement and wages before retirement, and studies the optimal investment strategy of defined contribution (DC) pension. Assuming that pension funds can invest in a financial market consisting of three assets (risk-free asset cash, rolling bonds and stocks), inflation is considered by discount. Under the S-shaped utility, the Lagrange method is used to find the terminal optimal surplus of pensions in retirement, so as to find the terminal optimal wealth, and then the martingale method is used to find the optimal wealth process and investment strategy. Finally, a sensitivity analysis is carried out on the the influence of bequest motivation and loss aversion on the optimal investment strategy of DC pension.

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The Moderating Role of Depressive Symptoms Between Financial Assets and Bequests Expectation

Cited by 7 publications

References 57 publications

Estate Planning Behaviour: A Systematic Literature Review

Estate Planning Behaviour: A Systematic Literature Review

The relationship between parents' personality traits and leaving unequal bequests to children

Optimal Investment Strategy of Defined Contribution Pension Based on Bequest Motivation and Loss Aversion

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