Bequest motives among older malays in selangor

Shyue Chuan Chong, Suhaili Alma`Amun, Bik Kai Sia

Research output: Contribution to journalArticle

Abstract

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.

Original languageEnglish
Pages (from-to)17-26
Number of pages10
JournalJurnal Ekonomi Malaysia
Volume49
Issue number2
DOIs
Publication statusPublished - 2015

Fingerprint

Bequests
Bequest motive
Wealth
Economics
Sample size
Altruism
Malaysia
Questionnaire
Intergenerational transfers
Justification
Ethnic groups

Keywords

  • Bequest motives
  • Intergenerational transfers
  • Islamic estate planning
  • Wasiyyah

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Bequest motives among older malays in selangor. / Chong, Shyue Chuan; Alma`Amun, Suhaili; Sia, Bik Kai.

In: Jurnal Ekonomi Malaysia, Vol. 49, No. 2, 2015, p. 17-26.

Research output: Contribution to journalArticle

Chong, Shyue Chuan ; Alma`Amun, Suhaili ; Sia, Bik Kai. / Bequest motives among older malays in selangor. In: Jurnal Ekonomi Malaysia. 2015 ; Vol. 49, No. 2. pp. 17-26.
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