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light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …
Persistent link: https://www.econbiz.de/10015066903
Using data from the Survey of Consumer Finances, this paper updates and extends previous research on the racial wealth … gap in the United States. We explore several hypotheses that help explain differential wealth accumulation by racial … to the literature. We find that observable factors account for the entire wealth gap between white and Hispanic families …
Persistent link: https://www.econbiz.de/10012131621
bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of …. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the … high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income …
Persistent link: https://www.econbiz.de/10012194632
. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …"We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …
Persistent link: https://www.econbiz.de/10003732282
received a wealth transfer and these accounted for 23 percent 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 death. However, there is little evidence of an inheritance "boom". In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10008903385
transfers to other sources of household wealth has had a sizeable effect on reducing the inequality of wealth. – Inheritance … received a wealth transfer and these accounted for 23 percent 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 …
Persistent link: https://www.econbiz.de/10008907281
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 death. However, there is little evidence of an inheritance "boom." In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10008934120
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