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Succession capitaliste et succession familiale : un modèle économétrique à deux régimes endogènes

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  • Luc Arrondel
  • Anne Laferrère

Abstract

Wealth is highly concentrated among a few very rich individuals. The usual models of wealth transmission offer life-cycle and family motives for bequests. The hypothesis here is that those motives are not likely to be active for very rich individuals. Using a sample of french estate records over-weighted in very rich individuals, we show, by estimating a model with two endogenous alternative regimes, that the variables influencing the bequests of the less rich are not active for the very wealthy.

Suggested Citation

  • Luc Arrondel & Anne Laferrère, 1998. "Succession capitaliste et succession familiale : un modèle économétrique à deux régimes endogènes," Annals of Economics and Statistics, GENES, issue 51, pages 187-208.
  • Handle: RePEc:adr:anecst:y:1998:i:51:p:187-208
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    File URL: http://www.jstor.org/stable/20076143
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    Cited by:

    1. Arrondel, Luc & Masson, Andre, 2006. "Altruism, exchange or indirect reciprocity: what do the data on family transfers show?," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 14, pages 971-1053, Elsevier.
    2. Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 13, pages 889-969, Elsevier.

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