Showing 141 - 150 of 686,489
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/10013130151
The article begins by documenting deep inequality in the form of Black-White wealth disparities: While the overall … wealth distribution in the United States is highly unequal from both historical and international perspectives, racial wealth … median Black income that is approximately two-thirds of median White income). Next, the article ties the perpetuation of this …
Persistent link: https://www.econbiz.de/10013133052
jettisoned.In this comment, I shall take issue with both Professor McCready (“The Case against Wealth Taxation”) and Dean Maloney … (“The Case Against Wealth Taxation: A Reply”), which is, in effect, an attempt to make the case for wealth taxation. My …
Persistent link: https://www.econbiz.de/10013122744
Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide … the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution …
Persistent link: https://www.econbiz.de/10013001196
We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for …
Persistent link: https://www.econbiz.de/10012892104
affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …, covering both labor income and inheritance. This paper studies the concentration and substitutability of these two traits in … outcomes seen in France. By assuming a sequential revelation of inheritance and labor income in marital sorting, we develop a …
Persistent link: https://www.econbiz.de/10012898443
Between 1953 and 1985 India implemented various progressive taxes on personal wealth. I use estate tax returns to … compute top wealth shares (top 1%, top 0.1% and top 0.01%) over 1966- 1985; a period marked explicitly by a dirigiste policy … environment. These new series suggest that wealth concentration in India reduced substantially during the 1970s. Although the …
Persistent link: https://www.econbiz.de/10012898790
financial planners and wealth managers, this study was designed to evaluate the impact saving and receiving an inheritance play … in shaping wealth accumulation status. Using data from the National Longitudinal Survey of Youth (NLSY79), the study … focused on answering a series of research questions related to wealth accumulation―as defined by Stanley and Danko―over the …
Persistent link: https://www.econbiz.de/10012941626
. 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/10012759110
generations, leading to a society dominated by unearned, hereditary wealth. Alas, this logic holds true only if the wealthy never … dissipate their wealth through spending, charitable giving, taxation, and splitting bequests among multiple heirs …
Persistent link: https://www.econbiz.de/10013004836