Article1988

The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth

671 citations0/0 files storedThe Journal of Economic Perspectives

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Financial Literacy, Pension, Retirement Analysis Income, Poverty, and Inequality Economic Theory and Institutions

Abstract

The purpose of this paper is to review what economists know at present about the following question: How large a portion of the existing wealth is the result of a bequest motive, that is, of accumulation for the specific purpose of leaving bequests? But first I will clarify why an answer to this question is of interest.

Citations in this library

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References

1981The Role of Intergenerational Transfers in Aggregate Capital Accumulation 1980The Role of Intergenerational Transfers in Aggregate Capital Accumulation

Cited by

1994Uninsured Idiosyncratic Risk and Aggregate Saving 1989The Ricardian Approach to Budget Deficits 1994Intergenerational Transfers and the Accumulation of Wealth 1996Wealth distribution in life-cycle economies 1992Inter-Vivos Transfers and Intergenerational Exchange 1999Chapter 25 Government debt 2000Wealth Inequality in the United States 2003The new financial order: risk in the 21st century

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