Bequests, control rights, and cost–benefit analysis
نویسندگان
چکیده
منابع مشابه
inheritance and bequests
The importance of bequests, their role in capital accumulation, and the motivation behind these transfers has long been the subject of debate among economists. Various models of intergenerational transfers yield different predictions about the responsiveness of bequests to changes in incomes of the donors and recipients and thus to the impact public policy. Yet, despite the intuitive appeal of ...
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This paper employs maximum likelihood methods to analyze the increase in pious bequests in early modern French wills. Other historians have described the rise of pious bequests in wills, but no one has used multivariate statistical methods to explain the phenomenon. It turns out that at any level of wealth pious bequests rose over the course of the seventeenth century and that the bequests. wer...
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This paper develops a two-stage non-cooperative Nash game framework of parental–children interactions to explain the equal division puzzle in bequests. In the analysis, a portfolio approach is adopted for characterizing how altruistic parents allocate their inheritable wealth between inter-vivos transfers and post-mortem bequests. The model includes elements of strategic altruism, exchange of f...
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Expected Bequests and their Distribution Michael D. Hurd and James P. Smith Based on a sample of actual bequests that is population-representative and on the subjective probability of bequests, we estimate the distribution of bequests that the older population will make. We find that the distribution is highly skewed, so that the typical baby-boom person will receive a very modest inheritance. ...
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Introduction: Citizenship rights is a set of rules governing society in relation to politics, institutions, governments and civil society. The main purpose of this study is to investigate the factors affecting the awareness of citizenship rights using meta-analysis. Method: The mechanism of conducting research is meta-analysis-quantitative. The purpose of this method is to integrate, systemati...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 2003
ISSN: 0176-2680
DOI: 10.1016/s0176-2680(02)00130-1