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Tests des modèles d'héritage : un inventaire critique

  • Pierre Pestieau
  • André Masson

[eng] Tests for Models of Inheritance: A Critical Inventory, . by André Masson, Pierre Pestieau.. . In order to assess the empirical relevance of a number of bequest models to be found in economic literature, this article presents an overview of the predominantly Anglo-Saxon tests conducted on these models over the past twelve years. After a brief account of the data used, eight general tests are considered, making it possible to "reject" some reasons for bequest while accepting others indiscriminately, after which nine specific tests are considered, the purpose of which is to determine more specifically the relevance of one particular form of bequest. Lastly, the significance of the results obtained is examined and the reasons why it is so difficult to draw clear-cut conclusions is discussed: model not fully identified, data shortcomings... [ger] Tests der Erbschaftsmodelle: eine kritische Bestandsaufnahme, . von André Masson, Pierre Pestieau.. . Um den Grad der empirischen Gültigkeit der verschiedenen in der Wirtschaftsfachliteratur vorgeschlagenen Erbschaftsmodelle beurteilen zu können, wird in diesem Artikel eine Bestandsaufnahme der vorwiegend angelsächsischen Tests vorgenommen, denen diese im Laufe der letzten zwölf Jahre unterzogen worden sind. Nach einer Erfassung der verschiedenen Arten der benutzten Daten erhält man somit acht generelle Tests, mit denen sich bestimmte Gründe für die Übertragung ausschließen, dafür aber mehrere andere nicht differenzierbare Gründe ausmachen lassen, sowie neun spezielle Tests, mit denen eine genauere Beurteilung der Gültigkeit einer bestimmten Erbschaftsform angestrebt wird. Behandelt werden anschließend die Tragweite der erhaltenen Ergebnisse und die Gründe für die Schwierigkeit, zu eindeutigen Schlußfolgerungen zu gelangen: unvollständige Identifizierung der Modelle, Mangel an Daten... [fre] Tests des modèles d'héritage : un inventaire critique, . par André Masson, Pierre Pestieau.. . Pour tenter d'apprécier le degré de validité empirique des différents modèles d'héritage proposés dans la littérature économique, cet article dresse le bilan des tests, à dominante anglo-saxonne, dont ils ont fait l'objet au cours des douze dernières années. Après avoir recensé les différents types de données utilisées, on envisage ainsi huit tests généraux, qui permettent "d'écarter" certains motifs de transmission mais d'en "retenir" plusieurs autres (sans pouvoir les différencier), et neuf tests spécifiques, qui cherchent à apprécier plus précisément la validité d'une forme d'héritage particulière. On s'interroge enfin sur la portée des résultats obtenus et sur les difficultés d'obtenir des conclusions tranchées : identification incomplète des modèles, carences des données... [spa] Pruebas de modelos de herencia: inventario crítico, . por André Masson y Pierre Pestieau .. . Para tratar de apreciar el grado de validez empírica de los diversos modelos de herencia propuestos por la literatura económica, se présenta en este artículo un balance de las pruebas, predominantemente anglosajonas, a las cuales se han sometido dichos modelos en los últimos doce años. Tras la presentación de los datos utilizados, se consideran ocho pruebas generales que permiten "eliminar" determinados motivos de transmisión y "tener en cuenta" otros motivos (sin que sea posible diferenciarlos), y nueve pruebas específîcas para tratar de apreciar con mayor precisión la validez de una forma de herencia particular. Por último los autores se interrogan acerca del alcance de los resultados obtenidos y las razones de la difîcultad que plantea la obtención de conclusiones precisas: identificación incompleta de los modelos, carencia de datos, etc.

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Article provided by Programme National Persée in its journal Économie & prévision.

Volume (Year): 100 (1991)
Issue (Month): 4 ()
Pages: 73-92

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Handle: RePEc:prs:ecoprv:ecop_0249-4744_1991_num_100_4_5255
Note: DOI:10.3406/ecop.1991.5255
Contact details of provider: Web page: http://www.persee.fr/web/revues/home/prescript/revue/ecop

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  1. Modigliani, Franco, 1985. "Life Cycle, Individual Thrift and the Wealth of Nations," Nobel Prize in Economics documents 1985-1, Nobel Prize Committee.
  2. Tomes, Nigel, 1982. "On the Intergenerational Savings Function," Oxford Economic Papers, Oxford University Press, vol. 34(1), pages 108-34, March.
  3. Adams, James D, 1980. "Personal Wealth Transfers," The Quarterly Journal of Economics, MIT Press, vol. 95(1), pages 159-79, August.
  4. Hamermesh, Daniel S & Menchik, Paul L, 1987. "Planned and Unplanned Bequests," Economic Inquiry, Western Economic Association International, vol. 25(1), pages 55-66, January.
  5. W. G. Gale & J. K. Scholz, . "Intergenerational transfers and the accumulation of wealth," Institute for Research on Poverty Discussion Papers 1019-93, University of Wisconsin Institute for Research on Poverty.
  6. Cox, Donald, 1990. "Intergenerational Transfers and Liquidity Constraints," The Quarterly Journal of Economics, MIT Press, vol. 105(1), pages 187-217, February.
  7. Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
  8. Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-46, June.
  9. Donald Cox & Fredric Raines, 1985. "Interfamily Transfers and Income Redistribution," NBER Chapters, in: Horizontal Equity, Uncertainty, and Economic Well-Being, pages 393-426 National Bureau of Economic Research, Inc.
  10. Becker, Gary S & Tomes, Nigel, 1986. "Human Capital and the Rise and Fall of Families," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages S1-39, July.
  11. Kurz, Mordecai, 1984. "Capital Accumulation and the Characteristics of Private Inter-Generational Transfers," Economica, London School of Economics and Political Science, vol. 51(201), pages 1-22, February.
  12. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986. "The Strategic Bequest Motive," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages S151-82, July.
  13. Menchik,Paul Irvine,Owen Jianakoplos,Nancy, 1988. "Determinants of intended bequests," Discussion Paper Serie A 197, University of Bonn, Germany.
  14. Menchik, Paul L & David, Martin, 1983. "Income Distribution, Lifetime Savings, and Bequests," American Economic Review, American Economic Association, vol. 73(4), pages 672-90, September.
  15. Davies, James B, 1982. "The Relative Impact of Inheritance and Other Factors on Economic Inequality," The Quarterly Journal of Economics, MIT Press, vol. 97(3), pages 471-98, August.
  16. Wilhelm, Mark O, 1996. "Bequest Behavior and the Effect of Heirs' Earnings: Testing the Altruistic Model of Bequests," American Economic Review, American Economic Association, vol. 86(4), pages 874-92, September.
  17. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, December.
  18. Hurd, Michael D, 1987. "Savings of the Elderly and Desired Bequests," American Economic Review, American Economic Association, vol. 77(3), pages 298-312, June.
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