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This study examines from a cross-national perspective the importance of inheritance as a source of private wealth … inheriting households own considerably more wealth than non-inheriting households, all other things equal. The wealth gap between … households who received lifetime gifts or bequests and those who did not varies hugely along the distribution of net wealth. At …
Persistent link: https://www.econbiz.de/10011532668
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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
Wealth is very unequally distributed in Germany. To effect a long-term reduction, the new Federal Government could …. However, a universal capital endowment could decrease wealth inequality much more rapidly and successfully. In this report, a … recurrent wealth tax on the ultra wealthy, and taxing real estate properties more effectively. A universal capital endowment …
Persistent link: https://www.econbiz.de/10012805707
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deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …
Persistent link: https://www.econbiz.de/10012179189
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