Working Papers in Economics
No 69:
BEQUESTS, GIFTS, AND EDUCATION Swedish evidence on parents’ transfer behavior
Katarina Nordblom and Henry Ohlsson
Abstract: We study the motives behind parents’ transfers to their
children, and the relationship between tangible transfers and educational
investments. Another issue is the channels parents choose for tangible
transfers. Do they use bequests and inter vivos gifts as substitutes or
complements? We use a recent Swedish data set. It is superior to previously
used data as it has information on both inheritances and gifts received.
Our empirical analysis gives some support for parents having altruistic
motive for their transfers. We also find evidence that parents use bequest
and gifts as substitutes.
Keywords: bequests; inheritances; inter vivos gifts; education; altruism; compensatory transfers; (follow links to similar papers)
JEL-Codes: D10; D64; D91; (follow links to similar papers)
32 pages, April 11, 2002
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