Modeling The Distribution And Intergenerational Transmission Of Wealth

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    Modeling the Distribution and Intergenerational Transmission of Wealth
    By: James D. Smith
    Publisher:
    University of Chicago Press
    Print ISBN: 9780226764542, 0226764540
    eText ISBN: 9780226764603, 0226764605
    Edition: 1st
    Copyright year: 1980
    Format: PDF
    Available from $ 81.00 USD
    SKU 9780226764603
    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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