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Displaying results 1 to 3 of 3.

  1. Does the inheritance and gift tax reduce wealth inequality?
    it depends
    Author: López Laborda, Julio
    Published: julio de 2024
    Publisher:  [FEDEA], [Madrid]

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 497
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documento de trabajo / Fedea ; 2024, 06
    Subjects: Inequality; wealth; inheritance; Inheritance and Gift Tax
    Scope: 1 Online-Ressource (circa 11 Seiten), Illustrationen
  2. Long-term trends in the distribution of wealth and inheritance
    Author: Davies, James B.; Lluberas, Rodrigo; Waldenström, Daniel
    Published: June 2024
    Publisher:  CESifo, Munich, Germany

    This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized or rose. Aggregate wealth-to-income ratios have fluctuated, re-flecting both market and policy influences, whereas inherited wealth proportions have declined over the long run. Continued increases in the value of employer-based pensions, housing and social security wealth in recent decades have acted to reduce wealth inequality, offsetting the disequalizing impact of financial asset price increases to a varying extent across countries.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/301309
    Series: CESifo working papers ; 11183 (2024)
    Subjects: wealth; inheritance; inequality; saving; history
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  3. The keys to the house
    how wealth transfers stratify homeownership opportunities
    Author: Dräger, Jascha; Müller, Nora; Pforr, Klaus
    Published: [2024]
    Publisher:  German Socio-Economic Panel (SOEP), DIW Berlin, Berlin, Germany

    This study investigates how actual and anticipated intergenerational wealth transfers (i.e., inter-vivo gifts and inheritances) contribute to social stratification in the transition to homeownership. Utilizing discrete-time survival analysis on data... more

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 318
    Inter-library loan:
    No inter-library loan

     

    This study investigates how actual and anticipated intergenerational wealth transfers (i.e., inter-vivo gifts and inheritances) contribute to social stratification in the transition to homeownership. Utilizing discrete-time survival analysis on data from the German Socio-Economic Panel Study (N=13,018), we find that individuals whose parents were manual workers or service workers are less likely to become homeowners. Receiving inheritances or inter-vivo gifts substantially increases the probability of becoming a homeowner, with the effect being most pronounced in the transfer year and diminishing rapidly after that. Anticipated future transfers also increase homeownership probability before transfer receipt. Anticipated and received together transfers explain up to 56% of the variation in homeownership transition rates by parental socio-economic status but the importance of transfers for the transition to homeownership varies strongly across class contrasts. Ignoring expected transfers leads to a significant underestimation of the importance of transfers on the effect of parental SES on homeownership.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/305201
    Series: SOEPpapers on multidisciplinary panel data research ; 1210 (2024)
    Subjects: Social stratification; homeownership; inheritance; intergenerational transfers
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen