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the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth … significant inheritors started with low initial wealth (and this was true within each age group). Inheritance in the period …In this paper we examine how the distribution of wealth has been changing in UK over the period 1995 to 2005 and how …
Persistent link: https://www.econbiz.de/10013119967
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …
Persistent link: https://www.econbiz.de/10014564314
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
Persistent link: https://www.econbiz.de/10009155314
inheritance. Wealth–income ratios, inherited wealth, and wealth inequalities were high in the eighteenth to nineteenth centuries … show that over a wide range of models, the long-run magnitude and concentration of wealth and inheritance are an increasing …This chapter offers an overview of the empirical and theoretical research on the long-run evolution of wealth and …
Persistent link: https://www.econbiz.de/10014025330
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …
Persistent link: https://www.econbiz.de/10015076060
Persistent link: https://www.econbiz.de/10011412894
Persistent link: https://www.econbiz.de/10011819747
Although older generations have substantially more wealth than their recent predecessors did at the same age, younger … circumstances can rationalise slowing generation-on-generation wealth growth. I find no evidence that later-born generations are less … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …
Persistent link: https://www.econbiz.de/10014373405