Scandinavian Working Papers in Economics

Working Paper Series,
Uppsala University, Department of Economics

No 1998:16: Bequest Motives: A Comparison of Sweden and the United States

John Laitner and Henry Ohlsson ()
Additional contact information
John Laitner: University of Michigan, Postal: Department of Economics, Lorch Hall, Ann Arbor, MI 48109-1220, USA, ,
Henry Ohlsson: Department of Economics, Postal: Department of Economics, Uppsala University, P.O. Box 513, SE-751 20 Uppsala, Sweden

Abstract: This paper reviews four well--known theoretical models of private bequest behavior, notes their differing implications for public policy, and discusses a way of empirically discriminating among them. Then it implements the test with micro data from Sweden (LLS) and the U.S. (PSID). The so-called altruistic (or dynastic) model, which, among the four models, has perhaps the most wide-ranging implications for policy, receives some, though limited, support in the LLS, but not the PSID. The inter-country difference is statistically significant. There is evidence of a potential complication due to a dependence of children's education on parents financial status in the case of the U.S.

Keywords: accidental model; altruistic model; egoistic model; exchange model

JEL-codes: D64; D91

32 pages, July 15, 1998

Full text files

1973.pdf PDF-file 

Download statistics

Questions (including download problems) about the papers in this series should be directed to Ulrika Ă–jdeby ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2020-02-16 18:58:29.