Bequest motives among older Malays in Selangor
A bequest motive seeks to provide an economic justification for the phenomenon of intergenerational transfers of wealth. In other words, it is to explain why people leave wealth behind when they die. The objective of this study is to identify what motivates the bequest transfers among older Malays...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2015
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| Online Access: | http://journalarticle.ukm.my/9588/ http://journalarticle.ukm.my/9588/ http://journalarticle.ukm.my/9588/1/jeko_49%282%29-2.pdf |
| Summary: | A bequest motive seeks to provide an economic justification for the phenomenon of intergenerational transfers of
wealth. In other words, it is to explain why people leave wealth behind when they die. The objective of this study is to
identify what motivates the bequest transfers among older Malays in Selangor – the largest ethnic group in Malaysia for
which a bequest is culturally and religiously constructed within the society. This primary data were collected through
face-to-face interviews using a structured questionnaire in the second quarter of 2011 with a total sample size of 280
older Malays aged 50 years or above in the state of Selangor. From the findings, it was discovered that older Malays
in Selangor, conformed more to the altruism model than other bequest models. |
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