We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …

The possibility that individuals may derive utility from the mere fact of holding wealth has long been recognized. A …

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 … the SCF reporting a wealth transfer fell by 2.5 percentage points. The average value of inheritances received among all …

, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on … direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These … focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even …

While financial knowledge is strongly positively related to household wealth, there is also considerable cross … cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over … wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has …

I find that median wealth plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. The … in real terms by 25 percent. The sharp fall in median wealth and the rise in inequality in the late 2000s are traceable … ethnic disparity in wealth holdings, after remaining more or less stable from 1983 to 2007, widened considerably between 2007 …

the data and better fits the savings of the households at the bottom 60% of the wealth distribution …

Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide … the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution …

Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark … used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately … abolished between 1989 and 1997. Due to the specific design of the wealth tax, these changes provide a compelling quasi …

We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are …-financial assets, and liabilities are studied empirically, and the results used to estimate average wealth holdings for countries … lacking direct evidence. Data on the pattern of household distribution of wealth are assembled for 20 countries, which …