Sentence examples for amount of bequest from inspiring English sources

Open image in new window Fig. 7 Cycles in the amount of bequest for skilled and unskilled families.

These two steady states are the one of rich-skilled individuals (with an equilibrium amount of bequest equal to (overline{b}^{2})) and the one of poor-unskilled individuals (with an equilibrium amount of bequest equal to (overline{b}^{1})).

The marginal introduction of inheritance taxation reduces the amount of bequest for both skilled and unskilled individuals and lowers the relative frequency of skilled individuals.

He could offer a higher income transfer to his wife or a higher amount of bequest to her son than she would receive in a monogamous marriage.

Note that the threshold amount of bequest (widetilde{b}^{0}) contains all the information about the determinants of this one-shot upward mobility.

Obviously, the marginal introduction of inheritance taxes will make physical bequests more costly as an instrument to increase the lifetime income of children so that the inheritance tax reduces the amount of bequest that parents leave to their offspring.

Let us consider a marginal change in a particular instrument of fiscal policy that directly affects the equilibrium amount of bequests, namely, inheritance taxation.

As a result, rich men have to increase the sum of income transfers and the amount of bequests, if they want to marry polygynously.

One interesting by-product of this model is that the presence of warm-glow altruism gives raise to a positive amount of bequests and, hence, it opens the door to positive persistence in asset holdings within a dynasty.

The intuition behind this result lies in the fact that the marginal utility of adult consumption increases when aspirations are introduced and, thus, workers tend to increase their consumption by reducing both their saving and the amount of bequests they leave to their children.

(3) and (4) and, assuming that there is a continuum of dynasties with unitary mass and that the strong law of large numbers holds in this economy, I can compute the equations that drive the evolution of the different empirical moments of the joint distribution of the amount (c_{t}) of adult consumption and the amount (b_{t+1}) of bequests left by the generation that is adult in period t.