Succession capitaliste et succession familiale: un modèle économétrique à deux régimes endogènes

Luc Arrondel and Anne Laferrere

Annals of Economics and Statistics, 1998, issue 51, 187-208

Abstract: Wealth is highly concentrated among a few very rich individuals. The usual models of wealth transmission offer life-cycle and family motives for bequests. The hypothesis here is that those motives are not likely to be active for very rich individuals. Using a sample of french estate records over-weighted in very rich individuals, we show, by estimating a model with two endogenous alternative regimes, that the variables influencing the bequests of the less rich are not active for the very wealthy.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1998:i:51:p:187-208

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