Explorations in the Economics of Intertemporal Asset Transfer in Roman Palestine

P.V. Viswanath
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P.V. Viswanath: Indira Gandhi Institute of Development Research

Microeconomics Working Papers from East Asian Bureau of Economic Research

Abstract: Following the Jewish Revolt and the destruction of the Jewish Temple in 70 CE, there were large-scale destabilizations of the Jewish population in Palestine. Information regarding economic decisions has always been available indirectly from Jewish and Roman legalistic material, though it has been insufficiently mined for economic insights. Furthermore, over the last forty years, new documentary material has become available from the second century. This note discusses some interesting aspects of how people managed to transfer resources over time in these turbulent times. Specifically, I look at two cases of asset transfer where the primary purpose was to transfer wealth over time. I explore the role of market frictions in both cases and make comparisons to present-day circumstances.

Keywords: Intertemporal asset transfer; market frictions; intergenerational transfer; Law; religion and economics. (search for similar items in EconPapers)
JEL-codes: G11 K36 N35 N55 (search for similar items in EconPapers)
Date: 2008-01
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