Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82843
Authors: 
Laitner, John
Ohlsson, Henry
Year of Publication: 
1998
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 1998:16
Abstract: 
This paper reviews four well
Subjects: 
accidental model
altruistic model
egoistic model
exchange model
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.
JEL: 
D64
D91
Document Type: 
Working Paper

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