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Inheritances reduce relative measures of wealth inequality according to recent evidence from several countries. Using a theoretical model and Swedish administrative data, we first show that this counter-intuitive finding can be explained by high intergenerational wealth mobility and low...
Persistent link: https://www.econbiz.de/10012899085
We use a quasi-experimental design and Swedish administrative data to document that the average heir depletes her inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to different consumption or labor supply responses but...
Persistent link: https://www.econbiz.de/10013232284
Persistent link: https://www.econbiz.de/10011983175
We use a quasi-experimental design and Swedish administrative data to document that the average heir depletes her inheritance within a decade while the inheritances of wealthy heirs remain intact. These different depletion rates are not due to different consumption or labor supply responses but...
Persistent link: https://www.econbiz.de/10012506951
Persistent link: https://www.econbiz.de/10013547783