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Göteborgs universitets publikationer

Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations

Författare och institution:
Adrian Adermon (-); Mikael Lindahl (Institutionen för nationalekonomi med statistik); Daniel Waldenström (-)
Utgiven i serie vid Göteborgs universitet:
Working Papers in Economics (online), ISSN 1403-2465; nr 670
ISSN:
1403-2465
Antal sidor:
57
Publikationstyp:
Rapport
Förlag:
University of Gothenburg
Förlagsort:
Göteborg
Publiceringsår:
2016
Språk:
engelska
Fulltextlänk:
Sammanfattning (abstract):
This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of 0.3–0.4 and grandparents-grandchild rank correlations of 0.1–0.2. Conditional on parents’ wealth, grandparents’ wealth is weakly positively associated with grandchild’s wealth and the parent-child correlation is basically unchanged if we control for grandparents’ wealth. Bequests and gifts strikingly account for at least 50 per cent of the parent-child wealth correlation while earnings and education are only able to explain 25 per cent.
Ämne (baseras på Högskoleverkets indelning av forskningsämnen):
SAMHÄLLSVETENSKAP ->
Ekonomi och näringsliv ->
Nationalekonomi
Nyckelord:
multigenerational mobility, bequests, mid-life wealth
Postens nummer:
240750
Posten skapad:
2016-08-25 12:23
Posten ändrad:
2016-09-09 08:22

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