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Grossmann, Volker; Poutvaara, Panu - 2021

Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds …

Persistent link: https://www.econbiz.de/10013318327

Are Americans and Indians more altruistic than the Japanese and Chinese? : evidence from a new international survey of bequest plans

Horioka, Charles - 2014

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a desire for dynasty building) and shows that these assumptions have very different implications for bequest motives and bequest division. After reviewing some of the literature on...

Persistent link: https://www.econbiz.de/10010354604

Education, disappointment and optimal policy

Anderberg, Dan; Cerrone, Claudia - 2014

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Persistent link: https://www.econbiz.de/10010467858

Social exclusion and optimal redistribution

Aronsson, Thomas; Bastani, Spencer; Tayibov, Khayyam - 2021

redistributive taxation. Our results show how an optimal mix of education policy, public employment, and support to the unemployed …-best optimum most likely implies overprovision of education relative to a policy rule that balances the direct marginal benefit and …

Persistent link: https://www.econbiz.de/10012694145

Leroux, Marie-Louise; Pestieau, Pierre - 2020

This paper studies the design of the optimal linear taxation of bequests when individuals differ in wage as well as in their risks of both mortality and old-age dependence. We assume that the government cannot distinguish between bequests motives, that is whether bequests resulted from...

Persistent link: https://www.econbiz.de/10012304266

Age and health related inheritance taxation

Leroux, Marie-Louise; Pestieau, Pierre - 2021

This paper studies the design of an optimal non linear inheritance taxation when individuals differ in wage as well as in their risks of both mortality and old-age dependance. We assume that the government cannot distinguish between bequests motives, that is whether bequests result from...

Persistent link: https://www.econbiz.de/10012499657

Self-enforcing intergenerational social contract as a source of Pareto improvement and pollution mitigation

Dao, Thang; Burghaus, Kerstin; Edenhofer, Ottmar - 2016

We contribute to the literature on private financing of intergenerational public goods, focusing on climate change mitigation. We consider, in a general equilibrium overlapping generations (OLG) model with environmental externalities, a contract between successive generations, whereby agents of...

Persistent link: https://www.econbiz.de/10011474731

Chapter 11 The distribution of wealth

Davies, James B.; Shorrocks, Anthony F. - In: Handbook of income distribution : volume 1, (pp. 605-675). 2000

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that can be sold in the marketpace, although on occasion pension rights are also included. We summarise the available evidence on wealth distribution for a number of countries. This...

Persistent link: https://www.econbiz.de/10014024198

Heterogeneous bequests and social inequalities

Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...

Persistent link: https://www.econbiz.de/10014384038

Post mortem reputation, compensatory gifts and equal bequests

Lundholm, Michael; Ohlsson, Henry - 1999

The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...

Persistent link: https://www.econbiz.de/10011589028