Normative aspects of taxing capitalistic bequests

  • Verena Kley


Bequest motives serve as an explanation why individuals do not decumulate assets completely during retirement, and some even continue saving while old. Nevertheless, common family-oriented bequest models still fail to account for the saving behavior of the very wealthy, among which a significant difference between those with children and those without cannot be observed.


Permanent Income Initial Wealth Wealth Transfer Bequest Motive Saving Decision 
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Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012

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  • Verena Kley

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