Department of Quantitative Social Science Charitable bequests and wealth at death

نویسندگان

  • Anthony Atkinson
  • Peter Backus
  • John Micklewright
  • Paul Backus
چکیده

Charitable bequests are a major source of income for charities but surprisingly little is known about them. The aim of this paper is to propose a multi-stage framework for analysing the bequest decision and to examine the evidence for Great Britain provided by new data on estates. The novelty of the framework is that it distinguishes between the different steps that lead to a charitable bequest. Our new data for Britain have the advantage of covering the whole population, in contrast to much of the US literature based on the small fraction of the population covered by estate tax returns. We focus on the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath. JEL classification: D12, D31, D64, L31.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Charitable Bequests and Wealth at Death

Charitable Bequests and Wealth at Death Charitable bequests are a major source of income for charities but surprisingly little is known about them. The aim of this paper is to propose a multi-stage framework for analysing the bequest decision and to examine the evidence for Great Britain provided by new data on estates. The novelty of the framework is that it distinguishes between the different...

متن کامل

Simulating the Transmission of Wealth Inequality via Bequests

This paper develops, calibrates, and simulates a dynamic 88-period OLG model to study the intergenerational transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death, assortative mating based on skills, heterogeneous skill endowments, heterogeneous rates of return, skill inheritability, progressive income taxation, and resource ...

متن کامل

Lifetime Earnings and Heterogeneity in Retirement Wealth: the Role of Bequests, Minimum Consumption, and Social Security

Micro data shows a significant dispersion in wealth at retirement at all levels of lifetime earnings and a weak correlation between lifetime earnings and retirement wealth. Previous research has shown that standard models have trouble generating these important features of the data. This paper studies a quantitative general equilibrium lifecycle model with intergenerational links of voluntary a...

متن کامل

Bequests and Heterogeneity in Retirement Wealth∗

The data show large dispersion in households’ wealth holdings at retirement. In addition, the empirical correlation between household lifetime earnings and retirement wealth is much lower in the data than in many quantitative models. This paper quantifies and analyzes the implications of a life cycle model with intergenerational links (in the form of voluntary bequest motives and intergeneratio...

متن کامل

Optimal taxation of wealth transfers when bequests are motivated by joy of giving Johann

Inherited wealth creates a second distinguishing characteristic of individuals, in addition to earning abilities. We incorporate this fact into a model of optimal labor income taxation, with bequests motivated by joy of giving. We …nd that taxes on bequests or on inheritances allow further redistribution, if in the parent generation initial wealth and earning abilities are positively related. O...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2012