Showing 1 - 10 of 5,445
extreme wealth inequality in society. … inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total … well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows …
Persistent link: https://www.econbiz.de/10012815788
mitigate wealth inequality. … inequality. This paper uses administrative data for the population of Norway to examine the share of the Total Inflows (defined … Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth. Gifts and inheritances …
Persistent link: https://www.econbiz.de/10012805994
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 …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10014564314
Wealth is highly correlated between parents and their children; however, little is known about the extent to which … these relationships are genetic or determined by environmental factors. We use administrative data on the net wealth of a … relationship between the wealth of adopted and biological parents and that of the adopted child, we find that, even prior to any …
Persistent link: https://www.econbiz.de/10011308579
We document the intergenerational persistence of wealth between adult offspring and their parent's using the Wealth and … Assets Survey for Great Britain. We estimate an intergenerational wealth elasticity of 0.4 and rank-rank elasticity of 0 ….3 and find wealth persistence for individuals in their 60s is lower than for those currently aged in their 30s and early 40s …
Persistent link: https://www.econbiz.de/10012584703
mobility. We show the change in the intergenerational persistence in wealth in Great Britain is due to inequality in offspring …The rapid widening of intergenerational wealth inequalities has led to sharp differences in living standards in Great … Britain. Understanding which components of wealth are driving such inequalities is important for improving wealth and social …
Persistent link: https://www.econbiz.de/10012815604
credit led to less intergenerational mobility and greater inequality. Two offsetting forces underlie this result: (1) greater …
Persistent link: https://www.econbiz.de/10014494606
entering an era of increasing income inequality. In this article, the link between financial wealth and pre-tax household …Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the …
Persistent link: https://www.econbiz.de/10013337381
wealth levels and (ii) indirectly supporting wealth accumulation by impacting interest rates, borrowing, entrepreneurship …, and spending. A unique Danish policy setting allows me to identify intergenerational wealth transfers channeled through …
Persistent link: https://www.econbiz.de/10014472492
Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational … transmission of inequality, the optimal design of social insurance, and the efficacy of expansionary fiscal policy. To shed light … on this, we analyse the relationships between giving and receiving significant wealth transfers and experiencing key life …
Persistent link: https://www.econbiz.de/10014372112