The importance of being remembered: Prices for cemetery plots in the US
Paolo Canofari (),
Giancarlo Marini and
Economic Modelling, 2017, vol. 64, issue C, 638-645
The economic literature on end-of-life choices assumes that the utility of future generations is internalized by current generations through gifts and bequests. This explanation, however, cannot account for the decision to buy cemetery plots. This paper uses an original data set to look at the determinants of the grave prices in the US. “After-life” housing services are complements to “in-life” housing services. We find no evidence of selection bias associated with religious affiliation.
Keywords: Real estate; House prices; Grave prices (search for similar items in EconPapers)
JEL-codes: L85 Z13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:64:y:2017:i:c:p:638-645
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