represent transmission of mere consumption. In this paper, I exploit detailed wealth records from Denmark along with multi …In recent years, a vast literature has documented how yearly transmissions of wealth through inheritances constitute a …

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 …