Bequest Motives: a Comparison of Sweden and the United States
John Laitner () and
Working Papers from Uppsala - Working Paper Series
This paper reviews four well-known theoretical models of private bequest behavior, notes their differing implications for public policy, and discusses a way of empirically discriminating among them. Then it implements the test with micro data from Sweden (LLS) and the U.S. (PSID). The so-called altruistic (or dynastic) model, which, among the four models, has perhaos the most wide-ranging implications for policy, receives come, though limited, support in the LLS, but not the PSID.
Keywords: INHERITANCE; ALTRUISM: LIFE CYCLE MODELS (search for similar items in EconPapers)
JEL-codes: D64 D91 (search for similar items in EconPapers)
Pages: 32 pages
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Journal Article: Bequest motives: a comparison of Sweden and the United States (2001)
Working Paper: Bequest Motives: A Comparison of Sweden and the United States (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:uppaal:1998:16
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