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Conference Paper: Intergenerational Inequality and the Reform of Intestacy Rules in China
| Title | Intergenerational Inequality and the Reform of Intestacy Rules in China |
|---|---|
| Other Titles | Inequality and Intestacy Reform in China |
| Authors | |
| Issue Date | 2021 |
| Citation | The 4th Conference on Modern Studies in the Law of Trusts and Wealth Management: Philanthropy in the Age of Covid-19: Asian and Global Perspectives, Virtual Conference, Singapore, 22- 23 July 2021 How to Cite? |
| Abstract | In 2020, the People’s Republic of China passed its first Civil Code, which contains reform of its intestacy rules. This paper examines this reform from the perspective of intergenerational inequality. We argue that equality plays a limited role in motivating China’s reform, which is more concerned with conventional values such as preserving wealth within the family, rewarding caregivers, and (to a much greater extent in China than in western jurisdictions) promoting good behavior amongst heirs. Some of these values perpetuate if not accelerate intergenerational inequality. In addition, we argue that with a widening wealth gap and consequential risk of social stability, China’s intestacy rules ought to give more attention to the issue of intergenerational inequality. Drawing from American literature, we propose ways to do so within the parameters of the current rules. |
| Description | Co-organised by the Centre for Commercial Law in Asia at Singapore Management University, the University of York, and the Asian Law Centre at Melbourne Law School, The University of Melbourne Panel Session IV |
| Persistent Identifier | http://hdl.handle.net/10722/310974 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Ho, LKS | - |
| dc.contributor.author | Chang, F | - |
| dc.date.accessioned | 2022-02-25T04:57:35Z | - |
| dc.date.available | 2022-02-25T04:57:35Z | - |
| dc.date.issued | 2021 | - |
| dc.identifier.citation | The 4th Conference on Modern Studies in the Law of Trusts and Wealth Management: Philanthropy in the Age of Covid-19: Asian and Global Perspectives, Virtual Conference, Singapore, 22- 23 July 2021 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/310974 | - |
| dc.description | Co-organised by the Centre for Commercial Law in Asia at Singapore Management University, the University of York, and the Asian Law Centre at Melbourne Law School, The University of Melbourne | - |
| dc.description | Panel Session IV | - |
| dc.description.abstract | In 2020, the People’s Republic of China passed its first Civil Code, which contains reform of its intestacy rules. This paper examines this reform from the perspective of intergenerational inequality. We argue that equality plays a limited role in motivating China’s reform, which is more concerned with conventional values such as preserving wealth within the family, rewarding caregivers, and (to a much greater extent in China than in western jurisdictions) promoting good behavior amongst heirs. Some of these values perpetuate if not accelerate intergenerational inequality. In addition, we argue that with a widening wealth gap and consequential risk of social stability, China’s intestacy rules ought to give more attention to the issue of intergenerational inequality. Drawing from American literature, we propose ways to do so within the parameters of the current rules. | - |
| dc.language | eng | - |
| dc.relation.ispartof | The 4th Conference on Modern Studies in the Law of Trusts and Wealth Management: Philanthropy in the Age of Covid-19: Asian and Global Perspectives | - |
| dc.title | Intergenerational Inequality and the Reform of Intestacy Rules in China | - |
| dc.title.alternative | Inequality and Intestacy Reform in China | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Ho, LKS: lusinaho@hku.hk | - |
| dc.identifier.authority | Ho, LKS=rp01250 | - |
| dc.identifier.hkuros | 331858 | - |