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Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations
Uppsala University, Units outside the University, Office of Labour Market Policy Evaluation.ORCID iD: 0000-0002-7062-4308
Uppsala University, Units outside the University, Office of Labour Market Policy Evaluation.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2018 (English)In: Economic Journal, ISSN 0013-0133, E-ISSN 1468-0297, Vol. 128, no 612, p. F482-F513Article in journal (Refereed) Published
Abstract [en]

This study estimates intergenerational wealth correlations across up to four generations and examines the degree to which the wealth association between parents and children can be explained by inheritances. Using a Swedish data set with newly hand-collected data on wealth and bequests, we find parent-child rank correlations of 0.3-0.4 and grandparent-grandchild rank correlations of 0.1-0.2. Bequests and gifts appear to be central in this process, accounting for at least half of the parent-child wealth correlation while earnings and education can account for only a quarter.

Place, publisher, year, edition, pages
WILEY , 2018. Vol. 128, no 612, p. F482-F513
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-361104DOI: 10.1111/ecoj.12535ISI: 000437699900019OAI: oai:DiVA.org:uu-361104DiVA, id: diva2:1250102
Funder
Swedish Research CouncilEU, European Research Council, 241161The Jan Wallander and Tom Hedelius FoundationTorsten Söderbergs stiftelseAvailable from: 2018-09-21 Created: 2018-09-21 Last updated: 2018-09-21Bibliographically approved

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Adermon, AdrianLindahl, MikaelWaldenström, Daniel

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