intergenerational wealth mobility and low inheritance inequality relative to wealth inequality. We then exploit two quasi …-experiments: randomness in the timing of death and an inheritance tax repeal. We find that the equalizing effect of inheritances is short … supply elasticity with respect to inheritances. Taken together, our findings suggest that inheritance taxation can reduce …

inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to … in inequality could be due to either a com-pressed inheritance distribution or similar chances of having wealthy parents … in inherited wealth over time. This implies that inheritance taxation can reduce long-run wealth inequality only through …

inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to … in inequality could be due to either a com-pressed inheritance distribution or similar chances of having wealthy parents … in inherited wealth over time. This implies that inheritance taxation can reduce long-run wealth inequality only through …