Kotlikoff, Laurence; Gokhale, Jagadeesh; Sefton, James; … - National Bureau of Economic Research (NBER) - 1999
This paper develops, calibrates, and simulates a dynamic 88-period OLG model to study the intergenerational transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death, assortative mating based on skills, heterogeneous skill...