Showing 1 - 10 of 1,064
inequality in household wealth in all 8 countries. …
Persistent link: https://www.econbiz.de/10011573797
of death. However, there is little evidence of an inheritance “boom.” In fact, from 1989 to 2007, the share of households … transfers to other sources of household wealth has had a sizeable effect on reducing the inequality of wealth. …
Persistent link: https://www.econbiz.de/10011605346
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...
Persistent link: https://www.econbiz.de/10015066903
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894
, combining national tabulations of inheritance tax records and microdata archives for Milan and Naples. During this period … evidence of declining income inequality in the period -traditionally considered the industrial 'take-off' phase of Italy- we … economic development. Although contemporary inequality is much lower than early 20th-century figures, the 'real' wealth of …
Persistent link: https://www.econbiz.de/10014439450
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …
Persistent link: https://www.econbiz.de/10014564314
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce relative …
Persistent link: https://www.econbiz.de/10015076060
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to...
Persistent link: https://www.econbiz.de/10015047840
instrument. The exclusion restriction is that conditional on the total amount of inheritance, inheriting a home affects the …
Persistent link: https://www.econbiz.de/10011429581
distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also … differences, but inheritance is also widely recognised as playing a major role, especially at the upper end of the wealth range. A … the results of studies that assess the contributions of inheritance and lifecycle factors, and give attention also to a …
Persistent link: https://www.econbiz.de/10014024198