Showing 1 - 10 of 187
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
less than their labor income). Applying this simple theoretical model to a unique micro data set on inheritance and …
Persistent link: https://www.econbiz.de/10009643507
transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …
Persistent link: https://www.econbiz.de/10005661588
inheritance rules (partition vs. primogeniture). After controlling for economic, institutional, religious, and cultural factors … inheritance. We also find that only the effect of inheritance rules persists over the 1971-2001 period. …
Persistent link: https://www.econbiz.de/10011083675
This paper derives optimal inheritance tax formulas that (a) capture the key equity-efficiency trade-off, (b) are … but realistic linear or two-bracket tax structures to obtain tractable formulas. We show that long-run optimal inheritance …-Becker dynastic model. In all cases, the optimal inheritance tax rate increases with the concentration of bequest received and …
Persistent link: https://www.econbiz.de/10011083680
This paper attempts to document and account for the long run evolution of inheritance. We find that in a country like … France the annual flow of inheritance was about 20%-25% of national income between 1820 and 1910, down to less than 5% in … 1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully …
Persistent link: https://www.econbiz.de/10008468507
. After outlining the theory, the paper uses feedback mechanisms to organise Europe’s postwar integration narrative, and then …
Persistent link: https://www.econbiz.de/10008468652
inheritance' is important for economic outcomes, then rare surnames should predict economic outcomes in the cross-section. This is … develop a model that articulates this idea and shows that the more important is inheritance, the more informative will be … surnames. This result is robust to a variety of different assumptions about fertility and mating. We apply our method using the …
Persistent link: https://www.econbiz.de/10005124146
The degree of collusiveness of a market with consumer switching costs is studied in an infinite-horizon overlapping-generations model of duopolistic competition. In contrast to previous models of switching costs, this paper assumes that firms compete for the demand for a homogeneous good by...
Persistent link: https://www.econbiz.de/10005788939
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labour market and assumes that the population is composed of eight...
Persistent link: https://www.econbiz.de/10005136691