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Retirement Distributions and the Bequest Motive

G. Victor Hallman

in Recalibrating Retirement Spending and Saving

Published in print:
2008
Published Online:
January 2009
ISBN:
9780199549108
eISBN:
9780191720734
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199549108.003.0006
Subject:
Business and Management, Pensions and Pension Management

Managing retirement payouts generally revolves primarily around securing adequate retirement income and assuring the continuity of such income for as long as the retirees live. Many commentators have ... More


The Chicago School’s Foundation Is Flawed: Antitrust Protects Consumers, Not Efficiency

John B. Kirkwood and Robert H. Lande

in How the Chicago School Overshot the Mark: The Effect of Conservative Economic Analysis on U.S. Antitrust

Published in print:
2008
Published Online:
January 2009
ISBN:
9780195372823
eISBN:
9780199871773
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195372823.003.0008
Subject:
Economics and Finance, Behavioural Economics

This paper demonstrates that the Chicago School is wrong, as to both congressional intent and to recent case law. It begins by demonstrating that the wealth transfer concern is the primary reason for ... More


Inheritances and the Distribution of Wealth: or, Whatever Happened to the Great Inheritance Boom?

Edward N. Wolff

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0003
Subject:
Economics and Finance, Microeconomics

The chapter makes use of the Survey of Consumer Finances (SCF) to analyze the three major issues of the book. The first is whether wealth transfers grew or declined in importance over the period from ... More


Investments, Bequests, and Public Policy: Intergenerational Transfers and the Escape from Poverty

Agnes R. Quisumbing

in Poverty Dynamics: Interdisciplinary Perspectives

Published in print:
2009
Published Online:
May 2009
ISBN:
9780199557547
eISBN:
9780191721083
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199557547.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter focuses on the factors that impede the transfer of human and physical capital (assets), forms of wealth for which there is more empirical evidence. Section 12.2 uses a conceptual ... More


Inheriting Wealth in America: Future Boom or Bust?

Edward N. Wolff

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.001.0001
Subject:
Economics and Finance, Microeconomics

Inheritances are often regarded as a great “evil,” enabling great fortunes to be passed from one generation to another, exacerbating wealth inequality, and reducing wealth mobility. Using data from ... More


Intergenerational Transfers and Savings Behavior

Jeffrey R. Brown and Scott J. Weisbenner

in Perspectives on the Economics of Aging

Published in print:
2004
Published Online:
February 2013
ISBN:
9780226903057
eISBN:
9780226903286
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226903286.003.0005
Subject:
Economics and Finance, Behavioural Economics

This chapter provides new evidence suggesting that transfer wealth accounts for approximately 20 to 25 percent of current household net worth, using the 1998 Survey of Consumer Finances. This figure ... More


Background Material

Edward N. Wolff

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0002
Subject:
Economics and Finance, Microeconomics

The chapter first presents an overview of the pertinent literature on inheritances and gifts. Both theoretical and empirical literature on the subject are reviewed. In the second part, an overview is ... More


Conclusions and Policy Recommendations

Edward N. Wolff

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0006
Subject:
Economics and Finance, Microeconomics

The final chapter first presents a summary of the principal findings of the book. Second, it attempts a reconciliation between direct survey evidence and the simulation results. Third, the chapter ... More


Domestic and Cross-Border Transfer of Wealth

Ariel Ezrachi

in Competition Law and Development

Published in print:
2013
Published Online:
January 2014
ISBN:
9780804785716
eISBN:
9780804787925
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804785716.003.0013
Subject:
Law, Competition Law

Protection of consumer welfare is a central pillar of competition law enforcement. Although not the sole goal pursued by competition law, such protection - preventing unjustified transfer of wealth ... More


Wealth Accumulation by Age Cohort: The Role of Savings, Capital Gains, and Intergenerational Transfers

Edward N. Wolff

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0005
Subject:
Economics and Finance, Microeconomics

Chapter 5 makes use of the so-called indirect method discussed in the literature review to analyze the role of inheritances and other intergenerational transfers on the wealth accumulation of ... More


Heterogeneous Wealth Dynamics On the Roles of Risk and Ability

Paulo Santos and Christopher B. Barrett

in The Economics of Poverty Traps

Published in print:
2018
Published Online:
May 2019
ISBN:
9780226574301
eISBN:
9780226574448
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226574448.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

We study the causal mechanisms behind persistent poverty. Some theoretical models combine non-convex technology with market failures to explain poverty traps, but do they exist in the data? One ... More


Gifts, Bequests, and Intergenerational Obligations

Eric Rakowski

in Equal Justice

Published in print:
1993
Published Online:
October 2011
ISBN:
9780198240792
eISBN:
9780191680274
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198240792.003.0007
Subject:
Philosophy, Political Philosophy

Gifts and bequests have the potential to create large disparities in people's holdings, especially when their effects are compounded over time. It would be undesirable to either forbid them ... More


Introduction: Why Inheritances Matter

Edward N. Wolff

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0001
Subject:
Economics and Finance, Microeconomics

The chapter first explains why inheritances and other wealth transfers are of important social, political, and economic concern. It then outlines the major issues to be addressed in the book. There ... More


The Philosophical Foundations of Wealth Transfer Taxation

Jennifer Bird-Pollan

in Philosophical Foundations of Tax Law

Published in print:
2017
Published Online:
April 2017
ISBN:
9780198798439
eISBN:
9780191839436
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198798439.003.0010
Subject:
Law, Philosophy of Law, Company and Commercial Law

One role of taxation in contemporary society is the expression of that society’ s beliefs about distributive justice. This chapter argues that this most effectively done by using a wealth transfer ... More


Inheritance and the Intergenerational Replication of Inequality

Daniel Halliday

in Inheritance of Wealth: Justice, Equality, and the Right to Bequeath

Published in print:
2018
Published Online:
March 2018
ISBN:
9780198803355
eISBN:
9780191841545
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198803355.003.0006
Subject:
Philosophy, Political Philosophy, Moral Philosophy

This chapter defends the claim that inheritance plays a causal role in enabling or maintaining conditions of economic segregation. This claim is advanced by addressing one reason for doubting its ... More


The Goals of Competition Law

Rex Ahdar

in The Evolution of Competition Law in New Zealand

Published in print:
2020
Published Online:
September 2020
ISBN:
9780198855606
eISBN:
9780191889295
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198855606.003.0003
Subject:
Law, Competition Law

The Commerce Act 1986 expressly states its object is to promote “effective or workable competition.” This traditional Harvard School approach has been consistently assailed by big business interests ... More


An Examination of Inheritances Using the Panel Survey of Income Dynamics

Maury Gittleman

in Inheriting Wealth in America: Future Boom or Bust?

Published in print:
2015
Published Online:
December 2014
ISBN:
9780199353958
eISBN:
9780190224707
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199353958.003.0004
Subject:
Economics and Finance, Microeconomics

The chapter makes use of the Panel Study of Income Dynamics (PSID) over years 1984 to 2007 to analyze the three major issues of the book. The PSID has data on inheritances only. Results are very ... More


Granting Immunity: Authorisation and “Public Benefit”

Rex Ahdar

in The Evolution of Competition Law in New Zealand

Published in print:
2020
Published Online:
September 2020
ISBN:
9780198855606
eISBN:
9780191889295
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198855606.003.0008
Subject:
Law, Competition Law

This chapter analyses the authorisation mechanism—a demanding cost-benefit test for those applicants who seek advance approval of their potentially contravening conduct. The “public benefits” and ... More


Sir Degrevant: what lovers want

Arlyn Diamond

in Pulp Fictions of Medieval England: Essays in Popular Romance

Published in print:
2004
Published Online:
July 2012
ISBN:
9780719063183
eISBN:
9781781700563
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9780719063183.003.0005
Subject:
Literature, Anglo-Saxon / Old English Literature

According to Sir Degrevant, an early fifteenth-century romance with a lively plot and remarkable density of description, what women want is a handsome, valiant, wealthy and noble lover, triumph over ... More


Peasant Wealth: Bust Turns to Boom

S.A. Eddie

in Freedom's Price: Serfdom, Subjection, and Reform in Prussia, 1648-1848

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199662753
eISBN:
9780191757587
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199662753.003.0005
Subject:
History, Political History

This chapter shows how the manorial system was influenced by the economic boom of the later eighteenth century. The older school saw the benefits of inflation as largely ‘creamed off’ by the nobles. ... More


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