Inheritance and wealth composition |
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| Authors: | Sergio Perelman Pierre Pestieau |
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| Affiliation: | (1) Department of Economics, University of Liège, University of Liège, Boulevard du Rectorat 7 (B31), B-4000 Sart Tilman/Liège 1, Belgium;(2) Department of Economics, Core and University of Liège, Boulevard du Rectorat 7 (B31), B-4000 Sart Tilman/Liège 1, Belgium |
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| Abstract: | This paper studies the effects of variables pertaining to alternative bequest motives on the composition of households' portofolio. It relies on a 1986 survey on the assets structure of 5600 French households. The main conclusion is that bequest motives indeed influence the composition of households' wealth. However, available data does not allow one to sort out the influence of specific models of inheritance.We thank John Ermisch, Jim Lindsey and two referees for their comments and suggestions. This research benefitted from the financial support of the SPES program. |
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