This paper explores the relationship between received inheritances and the distribution of wealth (financial, non-financial and total) in four developed countries: the United States …
Transfers from parents—either in the form of gifts or inheritances—have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for …
Data suggest that the distribution of wealth among households in the USA and UK has become more equal over the last century, though, at least for the USA, the pattern may have …
This paper explores the effects of inheritances on the saving of recipients. Information on inheritances and heirs is obtained from estate tax records of decedents which are linked to …
E Karagiannaki - Fiscal Studies, 2015 - Wiley Online Library
In this paper, we use HM Revenue and Customs (HMRC) estate statistics and micro data from four UK household surveys to examine changes in the size, the composition and the …
JP Smith - The causes and consequences of increasing …, 2001 - books.google.com
This paper summarizes the principal facts about wealth inequality and how it has been changing during the last fifteen years. A very sharp rise in the inequality in household wealth …
M De Nardi, F Yang - Journal of Monetary Economics, 2016 - Elsevier
This paper generates two main contributions. First, it provides a new theory of wealth inequality that merges two empirically relevant forces generating inequality: bequest motives …
N Tomes - Journal of Political Economy, 1981 - journals.uchicago.edu
Unequal inheritance of material wealth is commonly considered a major cause of inequality in consumption. However, theoretical models of the intergenerational transmission of …