I analyse a variety of evidence for Japan and, where available, for the United States on
bequest practices, the importance and nature of bequest motives, bequest division, the …

This article brings together several strands in the literature to provide a framework for
assessing the role of wealth transfer taxes. It examines the theoretical rationale for these …

This paper analyzes the steady-state distribution of tax burdens of a Value Added Tax (VAT)
in the United States using a lifetime perspective. In contrast to an annual snapshot …

Using individual‐level records of all wealth‐at‐death in England from 1892 to 1992, together
with new estimates of the wealth‐specific rate of return on wealth, this study estimates a …

I examine the portfolio allocations of women married in the years surrounding the 1870
Married Women's Property Act. The act, which gave women married after 1870 the right to …

The low birth rates experienced by most OECD countries during the past decades have
reduced their population growth rates and will drastically alter their age compositions in the …

Gifts and bequests trouble economic theory. A solution is to deal similarly with distributions
for consumption among (a) the current person,(b) future self-persons who are legally and …

In the course of the last three decades, the national saving to income ratio, which has
traditionally been regarded as fairly stable at least in the medium run, has undergone …

Social classifications are increasingly interrelated, far-reaching, and consequential for
socioeconomic outcomes. We use the concept of marginalized legal categories to describe …

Population ageing has been the subject of much discussion in recent years, often expressed
in alarmist language that advocates evasive policy action to avert an imminent demographic …