Modeling the Distribution and Intergenerational Transmission of Wealth
1st Edition
Published on 15. April 2008
348 pages
978-0-226-76460-3 (ISBN)
Description
This pioneering volume uses modern statistical and simulation techniques to explain the process of wealth transmission and the persistent problem of the unequal distribution of wealth. These papers reflect a shift from the traditional cross-sectional measurement to an intertemporal focus by attempting to model mathematically the actual process by which wealth is acquired and transmitted. There are many questions to be answered: What are the factors influencing saving? What is the role of mating? What decides ownership between spouses? How are rare assets distributed by divorce? What are the patterns of behavior in making gifts and bequests? And what is the effect of the relative ages of the persons involved?
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12/1980
University of Chicago Press
€86.66
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Content
- Intro
- Modeling the Distribution and Intergenerational Transmission of Wealth
- Contents
- Introduction
- 1. Long-Term Trends in American Wealth Inequality
- 2. The Wealth of Testators and Its Distribution: Butler County, Ohio, 1803-65
- 3. The Perpetuation of Wealth: A Simulation Model
- 4. The Importance of Material Inheritance: The Financial Link between Generations
- 5. The Bequest Process and the Causes of Inequality in the Distribution of Wealth
- 6. Estimates of the 1969 Sue Distribution of Household Wealth in the U.S. from a Synthetic Data Base
- 7. The Intergenerational Transmission of Wealth: Does Family Size Matter?
- 8. Relevance in Economic Measurement: Public Inheritances
- List of Contributors
- Author Index
- Subject Index
