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Bequest Motives: a Comparison of Sweden and the United States

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  • Laitner, J.
  • Ohlsson, H.

Abstract

This paper reviews four well-known theoretical models of private bequest behavior, notes their differing implications for public policy, and discusses a way of empirically discriminating among them. Then it implements the test with micro data from Sweden (LLS) and the U.S. (PSID). The so-called altruistic (or dynastic) model, which, among the four models, has perhaos the most wide-ranging implications for policy, receives come, though limited, support in the LLS, but not the PSID.

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Bibliographic Info

Paper provided by Uppsala - Working Paper Series in its series Papers with number 1998:16.

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Length: 32 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:uppaal:1998:16

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Postal: UPPSALA UNIVERSITY, DEPARTMENT OF ECONOMICS, S-751 20 UPPSALA SWEDEN.
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
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Web page: http://www.nek.uu.se/
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Keywords: INHERITANCE ; ALTRUISM: LIFE CYCLE MODELS;

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References

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