Utility from accumulation
Utility from accumulation
Rate this book:
About This Book
"Abstract: The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A simple intertemporal model featuring utility from accumulation is used here to examine consumption and savings, the choice between inter vivos gifts and bequests (both to descendants and to charities), and levels of annuitization. Introducing utility from accumulation helps to explain a number of empirical regularities that otherwise seem inconsistent with optimizing behavior. Moreover, because individuals who derive significant utility from accumulation will tend to save more and, in the long run, give more than others do, this source of utility may be especially important in analyzing savings behavior, gifts and bequests, and charitable contributions"--John M. Olin Center for Law, Economics, and Business web site.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Louis Kaplow
A framework for assessing esta
A framework for assessing estate and gift taxation
A fundamental objection to tax
A fundamental objection to tax equity norms
A model of the optimal complex
A model of the optimal complexity of rules
A note on subsidizing gifts
A note on subsidizing gifts
A note on taxation as social i
A note on taxation as social insurance for uncertain labor income
A note on the optimal supply o
A note on the optimal supply of public goods and the distortionary cost of taxation