Modeling the Distribution and Intergenerational Transmission of Wealth (National Bureau of Economic Research - Studies in Income and Wealth, Volume 46)

Various

ISBN 10: 0226764540 / ISBN 13: 9780226764542

Published by University of Chicago Press, 1980

About this Item

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Bibliographic Details

• Title: Modeling the Distribution and Intergenerational Transmission of Wealth (National Bureau of Economic Research - Studies in Income and Wealth, Volume 46)
• Publisher: University of Chicago Press
• Publication Date: 1980
• Language: English
• ISBN 10: 0226764540
• ISBN 13: 9780226764542
• Binding: Hardcover
• Condition: good

About this title

Synopsis

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?

About the Author

James D. Smith is economist and senior project director at the Institute for Social Research, University of Michigan at Ann Arbor.