Advanced Search
MyIDEAS: Login to save this article or follow this journal

Do bequests increase or decrease wealth inequalities?

Contents:

Author Info

  • Horioka, Charles Yuji

Abstract

This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid pro quo for bequests to their children, and that wealthier individuals leave less bequests, meaning that bequests ameliorate wealth inequalities.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/B6V84-4VDS87S-6/2/e0d851916302ebaac0e9f40142274d42
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 103 (2009)
Issue (Month): 1 (April)
Pages: 23-25

as in new window
Handle: RePEc:eee:ecolet:v:103:y:2009:i:1:p:23-25

Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Bequests Inheritances Intergenerational transfers Wealth inequalities Life cycle wealth;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Charles Yuji Horioka, 2001. "Are the Japanese Selfish, Altruistic, or Dynastic?," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0556, Institute of Social and Economic Research, Osaka University.
  2. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S. - Japan Comparison," NBER Working Papers 3692, National Bureau of Economic Research, Inc.
  3. Fumio Hayashi, 1995. "Is the Japanese Extended Family Altruistically Linked? A Test based on Engel Curves," NBER Working Papers 5033, National Bureau of Economic Research, Inc.
  4. Midori Wakabayashi & Charles Yuji Horioka, 2006. "Is the Eldest Son Different? The Residential Choice of Siblings in Japan," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0674, Institute of Social and Economic Research, Osaka University.
  5. C. Y. Horioka & H. Fujisaki & W. Watanabe & T. Kouno, 2000. "Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives," International Economic Journal, Taylor & Francis Journals, Taylor & Francis Journals, vol. 14(1), pages 1-31.
  6. Kotlikoff, Laurence J & Summers, Lawrence H, 1981. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 89(4), pages 706-32, August.
  7. David Campbell, 1997. "Transfer and Life-cycle Wealth in Japan, 1974–1984," The Japanese Economic Review, Japanese Economic Association, Japanese Economic Association, vol. 48(4), pages 410-423, December.
  8. Dekle, Robert, 1989. "The unimportance of intergenerational transfers in Japan," Japan and the World Economy, Elsevier, Elsevier, vol. 1(4), pages 403-413, November.
  9. Kotlikoff, Laurence J, 1988. "Intergenerational Transfers and Savings," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 41-58, Spring.
  10. Fumio Hayashi, 1986. "Why Is Japan's Saving Rate So Apparently High?," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 147-234 National Bureau of Economic Research, Inc.
  11. Horioka, C.Y., 1991. "Saving in Japan," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0248, Institute of Social and Economic Research, Osaka University.
  12. repec:fth:osakae:487 is not listed on IDEAS
  13. Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Elinder Mikael & Erixson Oscar & Ohlsson Henry, 2012. "The Impact of Inheritances on Heirs' Labor and Capital Income," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-37, December.
  2. Charles Yuji Horioka, 2014. "Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans," NBER Working Papers 20158, National Bureau of Economic Research, Inc.
  3. Erixson, Oscar & Ohlsson, Henry, 2014. "Estate Division: Equal Sharing as Choice, Social Norm, and Legal Requirement," Working Paper Series, Research Institute of Industrial Economics 1006, Research Institute of Industrial Economics.
  4. Hamaaki, Junya & Hori, Masahiro & Murata, Keiko, 2012. "Intergenerational Transfers and Asset Inequality in Japan: Empirical Evidence from New Survey Data," CIS Discussion paper series 544, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:103:y:2009:i:1:p:23-25. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.