Bequests, gifts, and education: Links between intergenerational transfers
2011 (English)In: Empirical Economics, ISSN 0377-7332, E-ISSN 1435-8921, Vol. 40, no 2, 343-358 p.Article in journal (Refereed) Published
We study the channels parents use to make transfers to their children. First, we focus on the relationship between investments in education and property transfers. Second, we turn to how property transfers are divided between inter vivos gifts and bequests. We use a Swedish dataset that is superior to previously used data as it contains information on both gifts and inheritances received from parents. We estimate models for the probabilities of having university education, receiving gifts, and receiving inheritances. In addition, we estimate models for gift and inheritance amounts. We find that the more resources parents have, the higher the likelihood of transfers, and that the correlation between receiving inter vivos gifts and inheritances is very high. Finally, women are more likely to have university education and to receive gifts, and daughters receive gifts of larger amounts than sons, although there are no differences in terms of inheritance.
Place, publisher, year, edition, pages
2011. Vol. 40, no 2, 343-358 p.
altruism, bequests, education, inheritances, inter vivos gifts
Research subject Economics
IdentifiersURN: urn:nbn:se:uu:diva-132416DOI: 10.1007/s00181-010-0344-0ISI: 000288557500005OAI: oai:DiVA.org:uu-132416DiVA: diva2:357847