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Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth.Gifts and inheritances … inheritances have very little effect on the distribution of Total Inflows, suggesting that inheritance taxes may do little to … mitigate wealth inequality …
Persistent link: https://www.econbiz.de/10014083901
This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth … on parents' wealth, grandparents' wealth is weakly positively associated with grandchild's wealth and the parent …-child correlation is basically unchanged if we control for grandparents' wealth. Bequests and gifts strikingly account for at least 50 …
Persistent link: https://www.econbiz.de/10012985275
lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …
Persistent link: https://www.econbiz.de/10014078013
Unique residential history data with retrospective information on parental assets are used to study household wealth … transition matrices show substantial persistence in wealth even when we correct for measurement errors in parental wealth. We do … not find wealth mobility to be higher between periods of a person's life than between generations. We find that the …
Persistent link: https://www.econbiz.de/10013121328
Social scientists have long documented that many components of socioeconomic status such as income and education have strong ties across generations. However, health status, arguably a more critical component of welfare, has largely been ignored. We fill this void by providing the first...
Persistent link: https://www.econbiz.de/10012859732
Longer term exposure to high poverty neighbourhoods can affect individual socio-economic outcomes later in life. Previous research has shown strong path dependence in individual neighbourhood histories. A growing literature shows that the neighbourhood histories of people is linked to the...
Persistent link: https://www.econbiz.de/10012926709
with the inheritance of employers that have different intergenerational earnings elasticities. The model also demonstrates … that the inheritance of employers plays a role in understanding observed nonlinearities …
Persistent link: https://www.econbiz.de/10013144694
the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath …
Persistent link: https://www.econbiz.de/10013097210
The rising importance of bequests as a source of personal income lead to renewed interest in the taxation of wealth … almost exclusively occurs for donors rather than recipients of wealth transfers. Beyond, tax planning is more prevalent for …
Persistent link: https://www.econbiz.de/10012943696
We quantify intergenerational and assortative processes by comparing different degrees of kinship within the same generation. This horizontal approach yields more, and more distant kinship moments than traditional methods, which allows us to account for the transmission of latent advantages in a...
Persistent link: https://www.econbiz.de/10014079418