Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Gothenburg, Department of Economics
No 69: BEQUESTS, GIFTS, AND EDUCATION Swedish evidence on parents’ transfer behavior
Katarina Nordblom and Henry Ohlsson
Additional contact information
Katarina Nordblom: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 405 30 GÖTEBORG
Henry Ohlsson: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 405 30 GÖTEBORG
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
32 pages, April 11, 2002
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