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Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations

Sammanfattning av Working paper 2018:8

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.

Läs den svenska sammanfattningenFörmögenhet och arv över flera generationer

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Publicerad av:

Wazah Pello-esso

Senast uppdaterad:

2018-05-09