Question: A current worker may save more towards retirement so that he or she will have more to leave his or her children later. This altruistic

A current worker may save more towards retirement so that he or she will have more to leave his or her children later. This altruistic motive is known as the

A. altruism effect.

B. bequest effect.

C. income effect.

D. savings effect.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!