Publisher's Synopsis
This is a collection of papers presented at a conference on the International Comparison of Household Wealth in Paris. The papers include M. King on household portfolio composition and the life cycle; F. Modigliani on the wealth effects of intergenerational transfers; L. Kotlikoff on annuity markets, savings, and the capital stock; E. Wolff on a class analysis of social seniority, pensions, and the life cycle accumulation of wealth; D. Kessler and A. Masson on the distributional consequences of life cycle models; R. Vaughan on savings; J. Davies on inheritance and redistribution; P. Menchik on unequal estate division; H. Cremer and P. Pestieau on varying family size and social security; T. Shorrocks on wealth holdings and entrepreneurial activity; J. Smith on uncertainty; and N. Tomes on the rise and fall of families.;Welfare and social economists; those professionally concerned with the issues of income distribution and inequality will find this of special interest.
