Wealth, Inequality, and Altruistic Bequests

Authors

• John Laitner

Abstract

This paper examines the role of bequests and inter vivos gifts in the U.S. economy, considering their importance in determining (i) the economy’s aggregate capital stock, (ii) the distribution of private net worth, and (iii) public policy outcomes and options. It focuses on several recent calibrated simulations.

Citation

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Project

• UM00-11: Modeling the Macroeconomic Implications of Social Security Reform

Paper ID

WP 2001-017

Publication Type

Working Paper

Publication Year

2001