There are two broad categories of explanations for why people leave bequests. Bequests may be intentional, for a variety of reasons including altruism, “joy of giving,” or strategic considerations. Or they may simply be accidental, because people hold wealth for various reasons and life...

Although relatively new, generational accounting has been used in 26 countries to evaluate the generational stance of national fiscal policies. Generational accounting calculates the size of prospective net tax burdens and lifetime net tax rates that different generations face under current...