Personal Wealth Transfers
This article Is a study of personal wealth transfers, with special emphasis on transfers of assets, such as gifts and bequests. Despite the Interest shown In this topic over the years by writers on economics, little analytical work has been done that directly approaches the problem of defining the behavior which motivates the transfers [main exceptions appear to be Becker (1974), Blinder (1974), Ishikawa (1975), and Parsons (1975, 1976)].^ The paper has two main purposes: to develop a theory which not only defines the behavior, but also has refutable implications, and then to test the theory upon data.
This paper was published in The Quarterly Journal of Economics, Vol. 95, No. 1 (Aug., 1980), pp. 159-179
Adams, James D., "Personal Wealth Transfers" (1980). Economic Staff Paper Series. 130.
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