Modeling the Distribution and Intergenerational Transmission of Wealth; Contents; Introduction; 1. Long-Term Trends in American Wealth Inequality; 2. The Wealth of Testators and Its Distribution: Butler County, Ohio, 1803-65; 3. The Perpetuation of Wealth: A Simulation Model; 4. The Importance of...

It has been argued that in the absence of altruism, intergenerational transfers can survive only if the old are net recipients. I prove that this need not hold in an over-lapping generations model with a fixed factor. For example, the middle-aged owning land may gain by providing public...

Using harmonized household survey data, we analyse long run social mobility in the US, the UK, and Germany and test recent theories of multigenerational persistence of socio-economic status. In this country comparison setting we find evidence against Gregory Clark's "universal law of social...

In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...