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Jurnal Ekonomi Malaysia

49 (2) 2015 17 – 26

Bequest Motives among Older Malays in Selangor
Motif Wasiat di Kalangan Warga Tua Melayu di Selangor

Departments of Economics
Faculty of Accountancy and Management
Universiti Tunku Abdul Rahman

chongsc@utar.edu.my

School of Economics
Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 Bangi, Selangor

suhaili@ukm.edu.my

Departments of Economics
Faculty of Accountancy and Management
Universiti Tunku Abdul Rahman

siabk@utar.edu.my

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.

Keywords

bequest motives; intergenerational transfers; Islamic estate planning; wasiyyah

Author’s Acknowledgement

We are most grateful to the University Tunku Abdul Rahman (Malaysia) Research Grant, No. 6200/C27 for the financial support for this study.

http://dx.doi.org/10.17576/JEM-2015-4902-02
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Chong, , Alma’amun, , & Sia, (2015). Bequest Motives among Older Malays in Selangor. Jurnal Ekonomi Malaysia, 49(2), 17–26. http://dx.doi.org/10.17576/JEM-2015-4902-02

@article{chong2015bequest,
  title={Bequest Motives among Older Malays in Selangor},
  author={Chong, Shyue Chuan and Alma’amun, Suhaili and Sia, Bik Kai},
  journal={Jurnal Ekonomi Malaysia},
  volume={49},
  number={2},
  pages={17—26},
 

year={2015},
}

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