Arbeitspapier

How inheritances shape wealth distributions: An international comparison

We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US. To do so, we resort to the decomposition of the coefficient of variation as suggested and applied by Wolff (1987, 2002, 2015) and Wolff and Gittleman (2014). The results hint that inheritances and gifts have a vastly equalizing effect on inequality in household wealth in all 8 countries.

Language
Englisch

Bibliographic citation
Series: Diskussionsbeiträge ; No. 2016/26

Classification
Wirtschaft
Personal Income, Wealth, and Their Distributions
Macroeconomics: Consumption; Saving; Wealth
Subject
Inheritance
Household wealth
Inequality

Event
Geistige Schöpfung
(who)
Bönke, Timm
von Werder, Marten
Westermeier, Christian
Event
Veröffentlichung
(who)
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
(where)
Berlin
(when)
2016

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Bönke, Timm
  • von Werder, Marten
  • Westermeier, Christian
  • Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft

Time of origin

  • 2016

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