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Intergenerational transfers and wealth in the Euro-area : the relevance of inheritances and gifts in absolute and relative terms

Tiefensee, Anita; Westermeier, Christian - 2016

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

How inheritances shape wealth distributions : an international comparison

Bönke, Timm; Werder, Marten von; Westermeier, Christian - 2016

intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US … inequality in household wealth in all 8 countries. …

Persistent link: https://www.econbiz.de/10011573797

Love and money with inheritance : marital sorting by labor income and inherited wealth in the modern partnership

Pasteau, Etienne; Zhu, Junyi - 2018

affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly …, covering both labor income and inheritance. This paper studies the concentration and substitutability of these two traits in …

Persistent link: https://www.econbiz.de/10011874278

How important is precautionary labor supply?

Jessen, Robin; Rostam-Afschar, Davud; Schmitz, Sebastian - 2016

We quantify the importance of precautionary labor supply using data from the German Socio- Economic Panel (SOEP) for 2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married men choose about 2.5% of their hours of work or one week...

Persistent link: https://www.econbiz.de/10011483095

Policy uncertainty and precautionary savings

Giavazzi, Francesco (contributor); … - 2008

"In 1997 Chancellor Kohl proposed a major pension reform and pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law -- one that is crucial for our identification strategy -- is that it left the generous pension...

Persistent link: https://www.econbiz.de/10003730695

Social location matters : inequality in work and family life courses at the intersection of gender and race

Aisenbrey, Silke; Fasang, Anette - 2018

Which constraints and privileges do members of empowered or disempowered groups face in combining work and family life courses? To address this timely and highly relevant question, we empirically analyze work and family life courses at the intersection of gender and race in the United States. We...

Persistent link: https://www.econbiz.de/10011898687

Erbschaft und Eigenleistung im Vermögen der Deutschen : eine Verteilungsanalyse

Bönke, Timm; Corneo, Giacomo; Westermeier, Christian - 2015

This paper investigates the role of inheritance in the distribution of wealth in Germany. Recently collected survey … data allow us to compute inheritance - wealth ratios for various quantiles based on several assumptions concerning the … capitalization of past bequests and gifts. Our results indicate that wealth inequality below the top - 1% is hardly affected by …

Persistent link: https://www.econbiz.de/10010508585