Gokhale, Jagadeesh; Kotlikoff, Laurence J.; Sefton, James A. - 2021
. Nonetheless, the model generates a realistic ration of aggregate wealth to aggregate labor income, a realistic bequest flow …. Intergenerational wealth immobility, also considered here, is primarily determined by the inheritance of skills from one's parents and … transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death …