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Sex Preference, Marriage of Heirs and Bequest Behaviour

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  • Junsen Zhang

Abstract

This paper discusses some economic implications of sex preferences and the bequest behaviour of parents. A simple two‐period model with general assumptions is developed. It is shown that a Nash equilibrium does not exist unless constraints are imposed. However, such an equilibrium exists if bequests are non‐negative, if bequests to sons and daughters are equal or if preferences are heterogeneous. The model thus explains why such institutional constraints on bequests are observed in the real world, and why in some (developing) countries male children inherit the major wealth from parents. It also has useful implications for the debt neutrality proposition. JEL Classification Numbers: D1, J12, J13, J16.

Suggested Citation

  • Junsen Zhang, 2001. "Sex Preference, Marriage of Heirs and Bequest Behaviour," The Japanese Economic Review, Japanese Economic Association, vol. 52(1), pages 70-76, March.
    • Handle: RePEc:bla:jecrev:v:52:y:2001:i:1:p:70-76
    DOI: 10.1111/1468-5876.00181
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    More about this item

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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