Coverart for item
The Resource Death and dollars : the role of gifts and bequests in America, Alicia H. Munnell, Annika Sundén, editors

Death and dollars : the role of gifts and bequests in America, Alicia H. Munnell, Annika Sundén, editors

Label
Death and dollars : the role of gifts and bequests in America
Title
Death and dollars
Title remainder
the role of gifts and bequests in America
Statement of responsibility
Alicia H. Munnell, Annika Sundén, editors
Contributor
Subject
Genre
Language
eng
Summary
Annotation
Cataloging source
N$T
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Munnell, Alicia Haydock
  • Sunden, Annika E
http://library.link/vocab/subjectName
  • Inheritance and succession
  • Wealth
  • Charitable uses, trusts, and foundations
  • Charitable bequests
  • POLITICAL SCIENCE
  • BUSINESS & ECONOMICS
  • Charitable bequests
  • Charitable uses, trusts, and foundations
  • Inheritance and succession
  • Wealth
  • United States
  • BUSINESS & ECONOMICS / Personal Finance / General
  • Electronic books
  • Electronic books. -- local
  • Charitable bequests -- United States
  • Charitable uses, trusts, and foundations -- United States
  • Inheritance and succession -- United States
  • Wealth -- United States
Summary expansion
Despite the recent downturn in the stock market, the 1990s boom and the shift to defined contribution plans mean that more individuals will have significant wealth upon retirement. How they use that wealth will determine not only their own well-being, but also the living standards of their children, the resources available to philanthropies, and the level of investment capital in the economy. This volume explores the reasons why people save, how they decide to allocate their wealth once they retire, and how givers select their beneficiaries. It also assesses the extent to which the estate tax and annuitization of retirement wealth affects the amount and nature of wealth transfers. Finally, it looks at the impact of wealth transfersfirst on the amount of aggregate saving and capital accumulation, and then on the distribution of wealth among households. Several conclusions emerge. First, gifts and bequests are important; they may account for about half of total wealth in America. Second, rich people make most, of the wealth transfers. They are thoughtful about how much they pay in taxes and how they dispose of their wealth. They care about philanthropic causes and view their charitable contributions as more than a way to avoid paying estate taxes. Third, most nonrich people probably have some lexicographic preferences about the disposition of their wealth; they want to ensure they have adequate resources to take care of their own needs, and if money is left over, they would like it to go to their children. Fourth, little support has emerged for the pure altruistic model of bequests. Fifth, institutions matter. In the case of the rich, the estate tax probably reduces saving and increasesbequests to charity. In the case of the nonrich, the shift to defined contribution plans will at a minimum mean that they have more wealth in their hands when they die, and therefore they will leave larger accidental bequests
Label
Death and dollars : the role of gifts and bequests in America, Alicia H. Munnell, Annika Sundén, editors
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 389-409) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Chapter 1. Introduction / Alicia H. Munnell -- Part One. The U.S. experience in perspective -- Chapter 2. A history of bequests in the United States / J. Bradford Delong -- Comments by Peter A. Diamond and Jonathan Skinner -- Chapter 3. The role of gift and estate transfers in the United States and in Europe / Pierre Pestieau -- Comment by Peter R. Orszag -- Part Two. How do people leave bequests? -- Chapter 4. Bequests: by accident or by design? / Michael D. Hurd -- Comments by Andrew B. Abel and Jonathan Gruber -- Chapter 5. Gifts and bequests: family or philanthropic organizations? / Paul G. Schervish and John J. Havens -- Comments by James Andreoni and Charles Clotfelter -- Chapter 6. Private transfers within the family: mothers, fathers, sons, and daughters / Donald Cox -- Comments by Theodore Bergstrom and Kathleen McGarry -- Part Three. Taxes, pension benefits, and wealth transfers -- Chapter 7. Tax consequences on wealth accumulation and transfers of the rich / Wojciech Kopczuk and Joel Slemrod -- Comments by Ray D. Madoff and James Poterba -- Chapter 8. The impact of defined contribution plans on bequests / Alicia Munnell, Annika Sundén, Mauricio Soto, and Catherine Taylor -- Comments by Amy Finkelstein and Olivia S. Mitchell -- Part Four. Wealth transfers and the economy -- Chapter 9. The impact of gifts and bequests on aggregate saving and capital accumulation / William G. Gale and Samara Potter -- Comments by Peter A. Diamond and Laurence J. Kotlikoff -- Chapter 10. The impact of gifts and bequests on the distribution of wealth / Edward N. Wolff -- Comments by John Laitner and John Karl Scholz
Control code
ocm53482635
Dimensions
unknown
Extent
1 online resource (vi, 426 pages)
File format
unknown
Form of item
online
Isbn
9780815758921
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctvbb22s9
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)53482635
Label
Death and dollars : the role of gifts and bequests in America, Alicia H. Munnell, Annika Sundén, editors
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references (pages 389-409) and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Chapter 1. Introduction / Alicia H. Munnell -- Part One. The U.S. experience in perspective -- Chapter 2. A history of bequests in the United States / J. Bradford Delong -- Comments by Peter A. Diamond and Jonathan Skinner -- Chapter 3. The role of gift and estate transfers in the United States and in Europe / Pierre Pestieau -- Comment by Peter R. Orszag -- Part Two. How do people leave bequests? -- Chapter 4. Bequests: by accident or by design? / Michael D. Hurd -- Comments by Andrew B. Abel and Jonathan Gruber -- Chapter 5. Gifts and bequests: family or philanthropic organizations? / Paul G. Schervish and John J. Havens -- Comments by James Andreoni and Charles Clotfelter -- Chapter 6. Private transfers within the family: mothers, fathers, sons, and daughters / Donald Cox -- Comments by Theodore Bergstrom and Kathleen McGarry -- Part Three. Taxes, pension benefits, and wealth transfers -- Chapter 7. Tax consequences on wealth accumulation and transfers of the rich / Wojciech Kopczuk and Joel Slemrod -- Comments by Ray D. Madoff and James Poterba -- Chapter 8. The impact of defined contribution plans on bequests / Alicia Munnell, Annika Sundén, Mauricio Soto, and Catherine Taylor -- Comments by Amy Finkelstein and Olivia S. Mitchell -- Part Four. Wealth transfers and the economy -- Chapter 9. The impact of gifts and bequests on aggregate saving and capital accumulation / William G. Gale and Samara Potter -- Comments by Peter A. Diamond and Laurence J. Kotlikoff -- Chapter 10. The impact of gifts and bequests on the distribution of wealth / Edward N. Wolff -- Comments by John Laitner and John Karl Scholz
Control code
ocm53482635
Dimensions
unknown
Extent
1 online resource (vi, 426 pages)
File format
unknown
Form of item
online
Isbn
9780815758921
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctvbb22s9
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)53482635

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      32.771354 -117.193327
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