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the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth … of inheriting households (and possibly more if we could account for the rate of returns on early inheritance used by some … significant inheritors started with low initial wealth (and this was true within each age group). Inheritance in the period …
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Data suggest the distribution of wealth among households in the United States and the United Kingdom has become more equal over the last century - though the pattern may have reversed recently. This paper shows that a model in which all households save for life-cycle reasons and some for...
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In this paper we perform simulations with a stylized model of the United Kingdom and Germany to show which generations might be gainers, and which losers, from a transition from an unfunded to a funded state pension system. We show that it is likely that more than one generation will be direct...
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