Wealth, Inequality, and Altruistic Bequests

Published: 2001


This paper examines the role of bequests and inter vivos gifts in the U.S. economy, considering their importance in determining (i) the economy’s aggregate capital stock, (ii) the distribution of private net worth, and (iii) public policy outcomes and options. It focuses on several recent calibrated simulations.

Key Findings


    John Laitner


    <DIV>This MRRC working paper was subsequently published as:</DIV> <DIV> </DIV> <DIV>Laitner, John. “Wealth Inequality and Altruistic Bequests.” American Economic Review 92, no. 2 (May 2002): 270-273.</DIV>