The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth. Modigliani, F. Journal of Economic Perspectives, 2(2):15–40, 1988. Link doi abstract bibtex The purpose of this paper is to review what economists know at present about the following question: How large a portion of the existing wealth is the result of a bequest motive, that is, of accumulation for the specific purpose of leaving bequests? But first I will clarify why an answer to this question is of interest.
@article{Modigliani1988,
title = {The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth},
author = {Modigliani, Franco},
year = {1988},
journal = {Journal of Economic Perspectives},
volume = {2},
number = {2},
pages = {15--40},
doi = {10.1257/jep.2.2.15},
url = {http://doi.org/10.1257/jep.2.2.15},
abstract = {The purpose of this paper is to review what economists know at present about the following question: How large a portion of the existing wealth is the result of a bequest motive, that is, of accumulation for the specific purpose of leaving bequests? But first I will clarify why an answer to this question is of interest.},
keywords = {Intergenerational Wealth,Methods of Estimation of Wealth Inequality}
}
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