1.

Record Nr.

UNINA9910784762003321

Autore

Smith James D.

Titolo

Modeling the distribution and intergenerational transmission of wealth / / editor, James D. Smith

Pubbl/distr/stampa

Chicago : , : University of Chicago Press, , 1980

ISBN

1-281-43109-5

9786611431099

0-226-76460-5

Descrizione fisica

1 online resource (348 pages) : illustrations

Collana

Studies in income and wealth ; ; v. 46

Classificazione

QI 200

Altri autori (Persone)

SmithJames D

Disciplina

330 s

339.2/2/0973

Soggetti

Wealth - United States

Inheritance and succession - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographies and indexes.

Nota di contenuto

Front matter -- National Bureau of Economic Research -- Prefatory Note -- 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 Size 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

Sommario/riassunto

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?