Search Results - subject:"Inheritance"

Top Wealth Shares in the United States : 1916-2000: Evidence from Estate Tax Returns

Saez, Emmanuel; Kopczuk, Wojciech - 2021

This paper presents new homogeneous series on top wealth shares from 1916 to 2000 in the United States using estate tax return data. Top wealth shares were very high at the beginning of the period but have been hit sharply by the Great Depression, the New Deal, and World War II shocks. Those...

Persistent link: https://www.econbiz.de/10013225593

Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives

Horioka, Charles; Fujisaki, Hideki; Watanabe, Wako; … - 2021

In this paper, we analyze a variety of data on saving motives, bequest motives, and bequest division from the Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts and Telecommunications Policy of the Ministry of Posts and...

Persistent link: https://www.econbiz.de/10013226915

What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints

Blanchflower, David G.; Oswald, Andrew J. - 2021

inheritance. Those who were given or inherited £5,000, for example, were approximately twice as likely, ceteris paribus, to set up …

Persistent link: https://www.econbiz.de/10013226999

Impossibility Results about Inheritance and Order of Death

Wang, Yue - 2021

If several relatives died with no will, the order of their deaths could affect the inheritance result. When the order … of death is unknown, there are three approaches to determine the inheritance result: apply an inheritance method that is … uniqueness of inheritance methods that are invariant for different orders of death and only violate one requirement, such as …

Persistent link: https://www.econbiz.de/10013227649

The Demographics of Intergenerational Transmission of Wealth : An Empirical Study of Testacy and Intestacy on Family Property

Wright, Danaya C. - 2021

In this article, I analyze many of the differences between testate and intestate decedents and suggest areas of concern for law- and policy-makers, as well as practicing lawyers and financial planners. Identifying the right demographic at risk for wealth deterioration may allow for interventions...

Persistent link: https://www.econbiz.de/10013228602

The Estate Tax Should Not Apply to Domestic Stock Owned by NRAs

Soled, Jay A. - 2021

Congress needs to reconsider whether Code section 2104(a) which subjects the ownership of domestic stock by nonresident aliens to estate tax merits retention. This analysis offers several reasons as to why policy makers should introduce legislation that either repeals this Code section or...

Persistent link: https://www.econbiz.de/10013234684

Mortality Risk and Consumption by Couples

Hurd, Michael D. - 2021

This paper proposes and analyzes a life-cycle model of consumption by couples. The model is considerably more complicated than the standard model for singles because it has to account for the welfare of a surviving spouse. The determinants of consumption are the survival paths of each spouse,...

Persistent link: https://www.econbiz.de/10013235278

The Impact of the Estate Tax on the Wealth Accumulation and Avoidance Behavior of Donors

Slemrod, Joel; Kopczuk, Wojciech - 2021

Using estate tax return data from 1916 to 1996, we investigate the impact of the estate tax on reported estates, which reflects the impact of the tax on both wealth accumulation and avoidance. An aggregate measure of reported estates is generally negatively correlated with summary measures of...

Persistent link: https://www.econbiz.de/10013235597

Bequests and Social Security with Uncertain Lifetimes

Abel, Andrew B. - 2021

The fact that consumers do not know in advance the dates at which they will die effects their individual consumption and portfolio decisions. In general, some consumers will end up leaving bequests at death, even if they have no bequest motive, simply because they happen to die at a time when...

Persistent link: https://www.econbiz.de/10013235635

Intended Bequests and Housing Equity in Older Age

Engelhardt, Gary V.; Eriksen, Michael D. - 2021

This paper examines how homeownership evolves in old age and around the time of death, using detailed data from the Health and Retirement Study (HRS) to assess the extent to which housing wealth held by older Americans might be used to complement Social Security in the provision of retirement...

Persistent link: https://www.econbiz.de/10013237463