Parental Allocations to Children: New Evidence on Bequest Differences Among Siblings

21 Pages Posted: 14 Apr 2002

See all articles by Jere Behrman

Jere Behrman

University of Pennsylvania - Department of Economics

Mark R. Rosenzweig

Yale University - Economic Growth Center; Yale University - Cowles Foundation

Date Written: February 2002

Abstract

We use new survey-based data on siblings to assess the potential role of bequests in either redistributing income among siblings or affecting offspring behavior as implied by prominent models. The data are not focused on the upper tail of the wealth distribution and include both own and sib reports on own bequests and on sib's bequests, enabling the use of a flexible measurement model. Our results indicate that bequests are received by almost two-thirds of eligible decedents, average bequest amounts are a significant fraction of annual earnings, and there are significant differences between siblings with respect to schooling, earnings, and visits with parents. However, there are not significant sib differences in bequests once measurement error is incorporated into the analysis.

Suggested Citation

Behrman, Jere R. and Rosenzweig, Mark Richard, Parental Allocations to Children: New Evidence on Bequest Differences Among Siblings (February 2002). PIER Working Paper No. 02-007. Available at SSRN: https://ssrn.com/abstract=306124 or http://dx.doi.org/10.2139/ssrn.306124

Jere R. Behrman (Contact Author)

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-7704 (Phone)
215-573-2057 (Fax)

Mark Richard Rosenzweig

Yale University - Economic Growth Center ( email )

Box 208269
New Haven, CT 06520-8269
United States
203-432-3620 (Phone)

Yale University - Cowles Foundation

Box 208281
New Haven, CT 06520-8281
United States

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