life cycle savings are increased. On both accounts, wealth inequality is reduced. Thus, consistent with Henry George … formulae describing the equilibrium fraction of wealth held by life-cycle savers. Using these formulae, we ascertain the … their share in national wealth are reduced. If the government invests the proceeds, the share of capital owned by life cycle …

The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to … that a simple back-of-the-envelope calculation, based on existing estimates for the reduction in earnings after wealth … economy. Besides the joint distribution of income and inheritances, quasi-experimental evidence regarding the size of wealth …

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 …

We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the “Survey of Italian Households’ Income and Wealth,” a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

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 …

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 …

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 …

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 …

conclude that, among the elderly single households in our sample, about four-fifths of their net wealth will be bequeathed and …