Bequests, Inheritances and Family Traditions

@inproceedings{Cox2005BequestsIA,
  title={Bequests, Inheritances and Family Traditions},
  author={Donald Cox and Oded Starks},
  year={2005}
}
Do “family traditions” influence bequest behavior? If an individual receives an inheritance from his parents, is he more likely to give a bequest to his children, even after controlling for the boost in wealth conferred by the inheritance? Family traditions are pertinent to a host of issues connected with intergenerational transfers: Ricardian equivalence and crowding out, the role of bequests in wealth accumulation, and the responsiveness of bequests to tax changes. Traditions also matter for… CONTINUE READING

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