Filtered by my admitted soft spot for scholars who engage in the hard, unglamorous, and often under-appreciated tasks incident to data creation/collection, a recent paper taking an initial descriptive cut at some archival probate data caught my eye. In The Demographics of Intergenerational Transmission of Wealth: An Empirical Study of Testacy and Intestacy on Family Property, Danaya Wright (Florida), recognizing that "[e]veryone dies eventually, and the vast majority of us will die owning at least some property," digs into probate record archives to assess various trends. Exploiting all (N=408) estates that went through court-supervised probate in Alachua County (FL) in 2013, the paper focuses on such variables as wealth, age, number of children, race, sex and marital status, with an eye toward potential systematic differences between testate (293) and intestate (115) decedents. The paper reports "clear differences between testate and intestate decedents on the basis of race, sex, wealth, marital status, age, and even children, with testacy correlating to significantly more wealth than intestacy."
Appropriately mindful of data and research design limitations, the paper also conveys a welcome level of cautiousness and modesty in terms of its ability to scaffold firm conclusions. After all, the data used in the paper draw from one year (2013) in a single county in one state (FL). As well, while the paper benefits from all of estates submitted to probate, most (77.3%) of the deaths in Alachua County in 2013 did not trigger probate or were probated elsewhere. While important external validity and selection effects' questions linger, the paper nonetheless illustrates the scholarly potential of exploiting data that too often remain "hidden in plain sight." The paper's abstract follows.
“In this article, I analyze many of the differences between testate and intestate decedents and suggest areas of concern for law- and policy-makers, as well as practicing lawyers and financial planners. Identifying the right demographic at risk for wealth deterioration may allow for interventions that can slow or reverse the widening wealth gap and ultimately help the next few generations build economically stable lives. To that end, I discuss how a number of demographic differences (wealth, age, race, sex, and marital status) affect the downward trajectory of certain groups and the upward trajectory of others.”
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