EconPapers    
Economics at your fingertips  
 

Capitalist Versus Family Bequest: An Econometric Model with Two Endogenous Regimes

Luc Arrondel () and Anne Laferrere ()

DELTA Working Papers from DELTA (Ecole normale supérieure)

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.

Keywords: ECONOMETRICS; WEALTH (search for similar items in EconPapers)
JEL-codes: C00 D30 D31 (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:96-06

Access Statistics for this paper

More papers in DELTA Working Papers from DELTA (Ecole normale supérieure) Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-04-20
Handle: RePEc:del:abcdef:96-06