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sources of household wealth has had a sizeable effect on reducing the inequality of wealth … wealth transfer and these accounted for about a quarter of their net worth. Over the lifetime, about 30 percent of households … could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time of …
Persistent link: https://www.econbiz.de/10013129119
Research on intergenerational transmission of wealth has pointed to uncertainty -- about the date of one's own death … bequests are received. I examine the effect of this uncertainty on the outcome of population aging. Population aging, by … slows down the reduction in saving that results from population aging …
Persistent link: https://www.econbiz.de/10013137648
do so by exploiting variation in parental wealth and in expected inheritance by birth order, gender composition of …Using novel data on 50,000 Norwegian men, we study the effect of wealth on the probability of internal or international … siblings, and region. We find that wealth discouraged migration in this era, suggesting that the poor could be more likely to …
Persistent link: https://www.econbiz.de/10013101829
Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ …. We find that bequests increase measures of absolute wealth inequality (variance), but reduce relative inequality (top … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide …
Persistent link: https://www.econbiz.de/10013001196
We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health …
Persistent link: https://www.econbiz.de/10013150908
. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …
Persistent link: https://www.econbiz.de/10012759110
about the sources of their wealth. We estimate that 15-202 of household wealth came from inheritances and 5-102 from gifts …
Persistent link: https://www.econbiz.de/10012760245
This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers %u2013 one in five … households receives an inheritance over an eight-year period, with a median value of about $30,000. We find that inheritance …
Persistent link: https://www.econbiz.de/10012760787
conclude that, among the elderly single households in our sample, about four-fifths of their net wealth will be bequeathed and …
Persistent link: https://www.econbiz.de/10012761903
magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through … intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and …
Persistent link: https://www.econbiz.de/10013217215