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Longer term exposure to high poverty neighbourhoods can affect individual socio-economic outcomes later in life. Previous research has shown strong path dependence in individual neighbourhood histories. A growing literature shows that the neighbourhood histories of people is linked to the...
Persistent link: https://www.econbiz.de/10012926709
We study the effect of receiving an inheritance on the labor force participation (LFP) of both the recipient and the … recipient's spouse in a population of older married couples. An inheritance is not subject to laws governing division of marital … inheritance expectations, we interpret the receipt of an inheritance as a shock to wealth. Our results indicate that receiving an …
Persistent link: https://www.econbiz.de/10012986750
to their pre-inheritance wealth. We also find that post-inheritance behavioral adjustments mitigate the equalizing effect … Swedish inheritance tax reduced the equalizing inheritance effect but that the redistribution of tax revenues could reverse …
Persistent link: https://www.econbiz.de/10012995595
Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...
Persistent link: https://www.econbiz.de/10013028185
The rising importance of bequests as a source of personal income lead to renewed interest in the taxation of wealth transfers. Empirical evidence on distortionary effects of bequest taxation is relatively scarce. On the basis of administrative data for Germany, this paper assesses the extent to...
Persistent link: https://www.econbiz.de/10012943696
This letter provides new evidence on the extent of the inheritance of educational inequality in the eight developing …
Persistent link: https://www.econbiz.de/10013021956
This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of...
Persistent link: https://www.econbiz.de/10012985275
We experimentally investigate whether people generally perceive inheritance as effort-induced or luck-induced. By … suggest that people would feel entitled to bequests and inheritance unless the randomness of inheritance has been made salient …
Persistent link: https://www.econbiz.de/10014083816
inheritances have very little effect on the distribution of Total Inflows, suggesting that inheritance taxes may do little to …
Persistent link: https://www.econbiz.de/10014083901
with the inheritance of employers that have different intergenerational earnings elasticities. The model also demonstrates … that the inheritance of employers plays a role in understanding observed nonlinearities …
Persistent link: https://www.econbiz.de/10013144694