The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning
Standard
The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records. / Boserup, Simon Halphen; Kopczuk, Wojciech; Kreiner, Claus Thustrup.
I: The American Economic Review, Bind 106, Nr. 5, 2016, s. 656-661.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
AU - Boserup, Simon Halphen
AU - Kopczuk, Wojciech
AU - Kreiner, Claus Thustrup
N1 - JEL Classifikation: D31; D64
PY - 2016
Y1 - 2016
N2 - Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We compare the distributions of wealth over time of people whose parent died and those whose parent did not. Bequests account for 26 percent of the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution. Bequests increase absolute wealth inequality (variance of the distribution censored at the top/bottom 1% increases by 33 percent), but reduce relative inequality (the top 1% share declines by 6 percentage points from the base of 31 percent).
AB - Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We compare the distributions of wealth over time of people whose parent died and those whose parent did not. Bequests account for 26 percent of the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution. Bequests increase absolute wealth inequality (variance of the distribution censored at the top/bottom 1% increases by 33 percent), but reduce relative inequality (the top 1% share declines by 6 percentage points from the base of 31 percent).
KW - Faculty of Social Sciences
KW - D31
KW - D64
U2 - 10.1257/aer.p20161036
DO - 10.1257/aer.p20161036
M3 - Journal article
VL - 106
SP - 656
EP - 661
JO - American Economic Review
JF - American Economic Review
SN - 0002-8282
IS - 5
ER -
ID: 164793539