This paper examines the determinants of inter vivos (lifetime) transfers of ownership in
German family firms between 2000 and 2013. Survey evidence indicates that owners of …

Sharp declines in wealth-concentration occurred across Europe and the US during the 20th
century. But this stylized fact is based on declared wealth. It is possible that today the richest …

This report concerns the relationship between generation, inheritance, and wealth. The
report starts with a detailed literature review of the empirical findings of the relationship …

The thesis consists of five chapters that analyze the economic implications of
intergenerational wealth transfers (inheritances or inter-vivo gifts) with respect to the …

Households save their earnings during working age and dissave during old age and
accumulate physical and financial wealth over their life. With uncertain life, the elderly …

The incidence of taxation takes a lot of forms in an economy, as it can be levied on earned
income, on property of individuals or entities, on production costs or sales of goods and …

Abstract In his American Economic Association Presidential Address Olivier Blanchard
argued that the deficits caused by the 2017 Tax Cut are welfare enhancing. Growth of the …

We use detailed panel data to investigate how gifts and inheritances affect the financial
decision making of households with respect to private pension savings. Our findings are …

Precautionary saving is a key driver of wealth inequality within models of the Bewley-
Huggett-Aiyagari canon. However, models with savings rates calibrated solely to …