magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through … intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and …

Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …

constrained families. Conversely, the presence of heterogeneity means that economic and linear statistical models of inheritance … Goldberger's (1989) criticism of human capital models of inheritance. Finally, we suggest that any cross-country differences in …

In recent years the role of intergenerational transfers in the process of wealth accumulation has been the subject of … this evidence is that intergenerational transfers play a very important, if not a key, role in aggregate wealth … intergenerational transfers in the process of wealth accumulation remains an intriguing and exciting enterprise …

, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on … direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These … focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even …

The extent of and changes in inter-generational mobility of wealth are central to understanding dynamics of wealth …-made wealth in the economy and thus the gender-composition of the wealthiest may serve as a proxy for inter-generational wealth … mobility. This proxy for "dynastic wealth'' suggests that wealth mobility in the past century decreased until the 1970s and …

well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the … extreme wealth inequality in society …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …