IDEAS home Printed from https://ideas.repec.org/p/qss/dqsswp/1208.html
   My bibliography  Save this paper

Charitable bequests and wealth at death

Author

Listed:
  • Anthony Atkinson

    () (Nuffield College, Oxford and London School of Economics.)

  • Peter Backus

    () (Universitat de Barcelona and l'Institut d'Economica de Barcelona)

  • John Micklewright

    () (Department of Quantitative Social Science, Institute of Education, University of London. 20 Bedford Way, London WC1H 0AL, UK.)

Abstract

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.

Suggested Citation

  • Anthony Atkinson & Peter Backus & John Micklewright, 2012. "Charitable bequests and wealth at death," DoQSS Working Papers 12-08, Department of Quantitative Social Science - UCL Institute of Education, University College London.
  • Handle: RePEc:qss:dqsswp:1208
    as

    Download full text from publisher

    File URL: http://repec.ioe.ac.uk/REPEc/pdf/qsswp1208.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Wojciech Kopczuk, 2007. "Bequest and Tax Planning: Evidence from Estate Tax Returns," The Quarterly Journal of Economics, Oxford University Press, vol. 122(4), pages 1801-1854.
    2. Harry Watson, 1984. "A Note on the Effects of Taxation on Charitable Giving Over the Life Cycle and Beyond," The Quarterly Journal of Economics, Oxford University Press, vol. 99(3), pages 639-647.
    3. Joulfaian, David, 2000. "Estate Taxes and Charitable Bequests by the Wealthy," National Tax Journal, National Tax Association;National Tax Journal, vol. 53(3), pages 743-764, September.
    4. C. Lowell Harriss, 1949. "Federal Estate Taxes and Philanthropic Bequests," Journal of Political Economy, University of Chicago Press, vol. 57, pages 337-337.
    5. Joulfaian, David, 1991. "Charitable Bequests and Estate Taxes," National Tax Journal, National Tax Association, vol. 44(2), pages 169-80, June.
    6. Boskin, Michael J., 1976. "Estate taxation and charitable bequests," Journal of Public Economics, Elsevier, vol. 5(1-2), pages 27-56.
    7. Anthony Atkinson & Peter Backus & John Micklewright, 2012. "Charitable bequests and wealth at death," DoQSS Working Papers 12-08, Department of Quantitative Social Science - UCL Institute of Education, University College London.
    8. Joulfaian, David, 1991. "Charitable Bequests and Estate Taxes," National Tax Journal, National Tax Association;National Tax Journal, vol. 44(2), pages 169-180, June.
    9. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, January.
    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


    Cited by:

    1. Atkinson, Anthony B., 2013. "Wealth and inheritance in Britain from 1896 to the present," LSE Research Online Documents on Economics 58087, London School of Economics and Political Science, LSE Library.
    2. Atkinson, Tony & Backus, Peter G. & Micklewright, John, 2012. "Charitable Bequests and Wealth at Death," IZA Discussion Papers 7014, Institute for the Study of Labor (IZA).
    3. repec:cep:sticas:/178 is not listed on IDEAS

    More about this item

    Keywords

    charitable donations; bequests; wealth; death; estate tax; NGOs;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qss:dqsswp:1208. 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: (Bilal Nasim). General contact details of provider: http://edirc.repec.org/data/dqioeuk.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.