Abstract

This paper extends existing distributional models to incorporate two sets of stochastic demographic assumptions: (a) where the number of heirs is randomly determined and (b) where the gender of a given child is randomly determined (but the total number of heirs is non-stochastic). The consequent increase in heterogeneity of family types might be expected to increase the inequality of family wealth and reduce the degree of inter-generational inheritance relative to the deterministic case but it is shown that this conclusion is very much conditional on the other assumptions made; about the pattern of marriage and estate division in particular. (EXCERPT)

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