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Why do wealthy parents have wealthy children?
Fagereng, Andreas; Mogstad, Magne; Rønning, Marte - 2018
Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …
Persistent link: https://www.econbiz.de/10011814565
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The intergenerational transmission of housing wealth
Daysal, N. Meltem; Lovenheim, Michael F.; Wasser, David N. - 2023
Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …
Persistent link: https://www.econbiz.de/10014364658
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Using rich lists to study the super-rich and top wealth inequality : insights from Switzerland
Baselgia, Enea; Martínez, Isabel - 2024
% of the super-rich are heirs-a fraction twice as large as in the US-and that wealth mobility at the very top has declined … significantly. We find that top 0.01% wealth shares are higher than previous estimates based on wealth tax statistics suggest. At … the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to …
Persistent link: https://www.econbiz.de/10014490904
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How equal are educational opportunities? : family background and student achievement in Europe and the United States
Woessmann, Ludger - 2004
This paper estimates the effects of family-background characteristics on student performance in the US and 17 Western European school systems. Family background has strong effects both in Europe and the United States, remarkably similar in size. France and Flemish Belgium achieve the most...
Persistent link: https://www.econbiz.de/10011402504
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Inequality and happiness : when perceived social mobility and economic reality do not match
Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2010
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...
Persistent link: https://www.econbiz.de/10008697799
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Alike in many ways : intergenerational and sibling correlations of brothers' earnings
Bingley, Paul; Cappellari, Lorenzo - 2012
We model the correlations of brothers' life-cycle earnings separating for the first time the effect of paternal earnings from additional residual sibling effects. We identify the two effects by analysing sibling correlations and intergenerational correlations jointly within a unified framework....
Persistent link: https://www.econbiz.de/10009682380
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Multidimensional equality of opportunity in the United States
Hufe, Paul; Kobus, Martyna; Peichl, Andreas; Schüle, Paul - 2022
measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in …
Persistent link: https://www.econbiz.de/10013093036
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Correlations of borther's earnings and intergenerational transmission
Bingley, Paul; Cappellari, Lorenzo - 2017
Correlations between parent and child earnings reflect intergenerational mobility and, more broadly, correlations between siblings' earnings reflect shared community and family background. These earnings relationships capture important aspects of relations in socio-economic status more...
Persistent link: https://www.econbiz.de/10011653810
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Uncovering Gatsby curves
Bouchard St-Amant, Pier-André; Garon, Jean-Denis; … - 2020
Empirical findings suggest a positive correlation between inequality and social immobility, a phenomenon coined the Gatsby curve. However, complete explanations of the phenomenon have not yet been proposed. This paper answers two questions: What are Gatsby curves? When do they exist? We build a...
Persistent link: https://www.econbiz.de/10012154893
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Family, community and life-cycle earnings : evidence from siblings and youth peers
Bingley, Paul; Cappellari, Lorenzo; Tatsiramos, Konstantinos - 2017
Using longitudinal data based on administrative registers for the population of Danish men we develop a model which accounts for the joint earnings dynamics of siblings and youth community peers. We are the first to decompose the sibling correlation of permanent earnings into family and...
Persistent link: https://www.econbiz.de/10011752512