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inheritances is characterized by a very high degree of inequality (comparable by and large to that observed in personal wealth) and … provide estimates for the overall magnitude and the distribution of inherited wealth. Our results indicate that the period … under examination the annual flow of inheritance increased markedly, from £22 billion in 1984 to £56 billion in 2005. The …
Persistent link: https://www.econbiz.de/10009201192
the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth … growth in net worth and of a substantial decrease in wealth inequality recorded in the survey. The main driver behind both …-inherited wealth. This meant that inherited wealth accounted for part of the observed inequality of net worth in 2005. However, some …
Persistent link: https://www.econbiz.de/10009150057
inheritances is characterized by a very high degree of inequality (comparable by and large to that observed in personal wealth) and … provide estimates for the overall magnitude and the distribution of inherited wealth. Our results indicate that the period … under examination the annual flow of inheritance increased markedly, from £22 billion in 1984 to £56 billion in 2005. The …
Persistent link: https://www.econbiz.de/10009150058
distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also … differences, but inheritance is also widely recognised as playing a major role, especially at the upper end of the wealth range. A …This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that …
Persistent link: https://www.econbiz.de/10014024198
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines … widening of wealth disparities. However, such a tendency is found to be stronger among less better-off households in both … countries, and this may help alleviate the disequalizing effect of intergenerational transfers on the distribution of wealth, at …
Persistent link: https://www.econbiz.de/10011537589
light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015066903
In a recent representative survey, German citizens are asked whether or not inherited wealth beyond a certain amount … this fundamental opposition against the taxation of inherited wealth. We find monetary self-interest and redistributive …-term care. Being at the heart of intra-familial exchange relations, women are more likely to oppose wealth transfer taxation …
Persistent link: https://www.econbiz.de/10011546290
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …
Persistent link: https://www.econbiz.de/10011440820
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we …
Persistent link: https://www.econbiz.de/10011441460
economic development. Although contemporary inequality is much lower than early 20th-century figures, the 'real' wealth of …Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows …
Persistent link: https://www.econbiz.de/10014439450