Arbeitspapier
Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations
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.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2018:8
- Classification
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Wirtschaft
Personal Income, Wealth, and Their Distributions
Job, Occupational, and Intergenerational Mobility; Promotion
- Subject
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multigenerational mobility
bequests
mid-life wealth
- Event
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Geistige Schöpfung
- (who)
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Adermon, Adrian
Lindahl, Mikael
Waldenström, Daniel
- Event
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Veröffentlichung
- (who)
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Institute for Evaluation of Labour Market and Education Policy (IFAU)
- (where)
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Uppsala
- (when)
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2018
- Handle
- Last update
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20.09.2024, 8:23 AM CEST
Data provider
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Object type
- Arbeitspapier
Associated
- Adermon, Adrian
- Lindahl, Mikael
- Waldenström, Daniel
- Institute for Evaluation of Labour Market and Education Policy (IFAU)
Time of origin
- 2018