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wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in … Sweden and the United States over the past decade. We show that wealth inequality has been significantly greater in the U …. In addition to less inequality and a higher median wealth, we also show that wealth quintile mobility in the 1990's has …
Persistent link: https://www.econbiz.de/10010321756
We study the role of family wealth for children's educational achievement using novel and unique Swedish register data …. In particular, we focus on the relationship between grandparents' wealth and their grandchildren's educational … achievement. Doing so allows us to reliably establish the independent role of wealth in contributing to long-term inequalities in …
Persistent link: https://www.econbiz.de/10012039324
Education and wealth are positively correlated for individuals approaching retirement, but the direction of the causal … wealth with a reform expanding access to lower secondary school in Denmark in the 1950s, finding that schooling increases … pension annuity claims but reduces the non-pension wealth of men in their 50's. These effects grow stronger as normal …
Persistent link: https://www.econbiz.de/10013208789
This paper focuses on three issues. First, it analyses the increasing inequality of wealth in Sweden in terms of … percentile age and birth cohort differences. Second, it discusses mobility of wealth as a function of age, length of the … wealth. …
Persistent link: https://www.econbiz.de/10010321808
between initial wealth and entrepreneurship. However, in a recent paper Hurst and Lusardi (2004) use higher order of … polynomials in wealth and find that there is no relationship between household initial wealth and the probability of starting an … own business throughout most of the wealth distribution in the United States. In this paper we examine this relationship …
Persistent link: https://www.econbiz.de/10010321582
This paper formulates a simple skill and education model to illustrate how better access to higher education can lead to stronger assortative mating on skills of parents and more polarized skill and earnings distributions of children. Swedish data show that in the second half of the 20th century...
Persistent link: https://www.econbiz.de/10014540911
This paper analyzes the short-run dynamics and changing sources of wealth among the Forbes 400 list of the wealthiest … the entire time period the growth of wealth was negatively related to the previous years' wealth, implying a slight degree … of wealth convergence within the group. We find that the overall growth of the group's wealth slowed after the crisis but …
Persistent link: https://www.econbiz.de/10012806702
This paper documents that a shift from a selective to a comprehensive education system had implications for marriage market outcomes. By exploiting an education reform in Sweden, I show that comprehensive education reduced assortative mating both because children from poor backgrounds started to...
Persistent link: https://www.econbiz.de/10013394347
A body of evidence has emerged in the literature on intergenerational mobility documenting that countries with large income differences also have less intergenerational mobility: a relationship known as the Great Gatsby Curve. In this paper, I estimate the Great Gatsby Curve within Sweden...
Persistent link: https://www.econbiz.de/10012388861
education arising from a Swedish compulsory schooling reform in the 1950s and 1960s, and the wealth holdings of the population …
Persistent link: https://www.econbiz.de/10013208717