NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Do Bequests Increase or Decrease Wealth Inequalities?

Charles Yuji Horioka

NBER Working Paper No. 14639*
Issued in January 2009
NBER Program(s):   AG    EFG    PE

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This paper finds that individuals in Japan do not leave very significant bequests, that parents often require a quid pro quo for bequests to their children, and that wealthier individuals leave less bequests, meaning that bequests ameliorate wealth inequalities.

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