Modeling the Distribution and Intergenerational Transmission of Wealth
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A01=James D. Smith
acquisition
aging
assets
Author_James D. Smith
bequests
capital
capitalism
Category=KC
class
distribution
divorce
economics
economy
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
family size
generations
gifts
government
inheritance
labor
marriage
mathematical models
mating
mobility
nonfiction
ownership
poverty
public policy
race
retirement
saving
spouses
succession
testators
transmission
wealth
Product details
- ISBN 9780226764542
- Weight: 595g
- Dimensions: 16 x 23mm
- Publication Date: 01 Dec 1980
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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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?
