Non-linear effects of wealth transfer: whole sample
| Family donor | Non-family donor | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inheritance | Gift | Inheritance | Gift | ||||||||||
| Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | ||
| Wealth transfer amount | >50000 | −0.004 | 0.030 | 0.906 | −0.144 | 0.140 | 0.305 | −0.193 | 0.088 | 0.029 | −0.316 | 0.292 | 0.279 |
| >100000 | −0.007 | 0.058 | 0.906 | −0.267 | 0.263 | 0.309 | −0.335 | 0.170 | 0.048 | −0.399 | 0.369 | 0.280 | |
| >200000 | −0.017 | 0.145 | 0.906 | −0.335 | 0.338 | 0.322 | −0.982 | 0.650 | 0.131 | −0.840 | 1.105 | 0.447 | |
| Family donor | Non-family donor | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inheritance | Gift | Inheritance | Gift | ||||||||||
| Coeff. | R.s.e. | Coeff. | R.s.e. | Coeff. | R.s.e. | Coeff. | R.s.e. | ||||||
| Wealth transfer amount | >50000 | −0.004 | 0.030 | 0.906 | −0.144 | 0.140 | 0.305 | −0.193 | 0.088 | 0.029 | −0.316 | 0.292 | 0.279 |
| >100000 | −0.007 | 0.058 | 0.906 | −0.267 | 0.263 | 0.309 | −0.335 | 0.170 | 0.048 | −0.399 | 0.369 | 0.280 | |
| >200000 | −0.017 | 0.145 | 0.906 | −0.335 | 0.338 | 0.322 | −0.982 | 0.650 | 0.131 | −0.840 | 1.105 | 0.447 | |
| Family donor | Non-family donor | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inheritance | Gift | Inheritance | Gift | ||||||||||
| Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | Coeff. | R.s.e. | P-value | ||
| Wealth transfer/Income ratio | >2 | −0.003 | 0.024 | 0.906 | −0.090 | 0.087 | 0.302 | −0.152 | 0.069 | 0.026 | −0.328 | 0.301 | 0.276 |
| >5 | −0.004 | 0.037 | 0.906 | −0.162 | 0.158 | 0.305 | −0.220 | 0.106 | 0.038 | −0.371 | 0.349 | 0.287 | |
| >10 | −0.007 | 0.059 | 0.906 | −0.454 | 0.449 | 0.312 | −0.361 | 0.173 | 0.037 | −0.571 | 0.569 | 0.316 | |
| Family donor | Non-family donor | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inheritance | Gift | Inheritance | Gift | ||||||||||
| Coeff. | R.s.e. | Coeff. | R.s.e. | Coeff. | R.s.e. | Coeff. | R.s.e. | ||||||
| Wealth transfer/Income ratio | >2 | −0.003 | 0.024 | 0.906 | −0.090 | 0.087 | 0.302 | −0.152 | 0.069 | 0.026 | −0.328 | 0.301 | 0.276 |
| >5 | −0.004 | 0.037 | 0.906 | −0.162 | 0.158 | 0.305 | −0.220 | 0.106 | 0.038 | −0.371 | 0.349 | 0.287 | |
| >10 | −0.007 | 0.059 | 0.906 | −0.454 | 0.449 | 0.312 | −0.361 | 0.173 | 0.037 | −0.571 | 0.569 | 0.316 | |
Source(s): Own elaborations based on HFCS data