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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...
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a sniall proportion of ohserved wealth heterogeneitv. The introduction of an inheritance tax increases both welfare are …
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. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …
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