Classified broadly, two motives for intra-family transfers exist: altruism and selfishness. This paper examines two selfish hypotheses − the exchange motive (strategic bequest motive)and the demonstration effect − using a new Japanese micro data set. My analysis of the determinants of...

Classified broadly, two motives for intra-family transfers exist: altruism and selfishness. This paper examines two selfish hypotheses - the exchange motive (strategic bequest motive) and them demonstration effect - using a new Japanese micro data set. My analysis of the determinants of...