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Rising wealth inequality is both a topic in recent policy discussion and in the social sciences. Despite the general … interest in wealth concentration, we know only little about the largest privately held fortunes. To help fill this gap we … and perpetuation of fortunes over many generations is an important feature of top wealth in Germany. …
Persistent link: https://www.econbiz.de/10014305189
This study investigates how actual and anticipated intergenerational wealth transfers (i.e., inter-vivo gifts and …
Persistent link: https://www.econbiz.de/10015069955
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the … extreme wealth inequality in society. …
Persistent link: https://www.econbiz.de/10012815788
Persistent link: https://www.econbiz.de/10012395598
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …
Persistent link: https://www.econbiz.de/10012198628
Persistent link: https://www.econbiz.de/10012316381
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
Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a … standing of the state, and the country's size, on inheritance tax systems. The applied methods involve the random effects … inheritance tax design is mainly determined by demographic factors while tax revenues depend on a broader group of factors …
Persistent link: https://www.econbiz.de/10014444703
-quarter of total household wealth in Europe provides further corroboration for this finding. …
Persistent link: https://www.econbiz.de/10015047840
Persistent link: https://www.econbiz.de/10015051268