This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution … aggregate bequest flows. At the same time, there is an ongoing debate on the distributional implications of such wealth shocks … of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth …

We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes. We … find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals … with similar wealth rank histories using agglomerative hierarchical clustering, a tool from statistical learning. The …