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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/10009276979
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/10008853140
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
, 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/10014541765
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/10011522484
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/10015047235
household wealth to household income considerably increases measured inequality and the share of income from wealth in … inequality. However, both measures show about the same rise in inequality over the period. Our results contradict the assertion …
Persistent link: https://www.econbiz.de/10010266552
-class squeeze.' Median wealth grew briskly in the late 1990s. It grew even faster in the aughts, while the inequality of net worth … prices, indicate that median wealth plunged by 36 percent and there was a fairly steep rise in wealth inequality, with the …
Persistent link: https://www.econbiz.de/10010281726