Journal of Political Economy Vol. 106 No. 2 1998
A Reexamination of the Strategic Bequest Motive
Abstract
This paper investigates the strength of the empirical evidence of the strategic bequest hypothesis proposed by Bernheim. Shleifer, and Summers (1985). At issue is whether bequests are primarily motivated by a desire to influnce the behavior of potential beneficiaries. Alternatively, bequests may be motivated by altruism or risk aversion in the presence of incomplete annuity and health insurnace markets (e.g., Tomes 1981; Hurd 1989).
- DOI
- 10.1086/250015
- Volume
- 106
- Issue
- 2
- Pages
- 423-445
- Language
- en
- Sources
- crossref bibtex:phds-export.bib openalex