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Parental Wealth Effects on Living Standards and Asset Holdings: Results from Chile

In: International Perspectives on Household Wealth

Author

Listed:
  • Florencia Torche
  • Seymour Spilerman

Abstract

The contributors to this comprehensive book compile and analyse the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during the 1990s and into the twenty-first century. The authors show that in the US, trends are highlighted in terms of wealth holdings, among the low-income population, along with changes in wealth polarization, racial differences in wealth holdings, and the dynamics of portfolio choices. The consensus between the authors is that wealth inequality has generally risen among these OECD countries since the early 1980s, although Germany stands out as an exception. In the case of the US, it is also noted that wealth holdings have generally failed to improve among low-income families and that the racial wealth gap widened during the late 1980s.

Suggested Citation

  • Florencia Torche & Seymour Spilerman, 2006. "Parental Wealth Effects on Living Standards and Asset Holdings: Results from Chile," Chapters, in: Edward N. Wolff (ed.), International Perspectives on Household Wealth, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3654_10
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    References listed on IDEAS

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    1. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, March.
    2. Dante Contreras, 2002. "Explaining Wage Inequality in Chile: Does Education Really Matter?," Journal of Income Distribution, Ad libros publications inc., vol. 11(1-2), pages 3-3, June.
    3. Gary V. Engelhardt & Christopher J. Mayer, 1994. "Gifts for home purchase and housing market behavior," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 47-58.
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    Cited by:

    1. Fabian T. Pfeffer & Martin Hällsten, 2012. "Mobility Regimes and Parental Wealth: The United States, Germany, and Sweden in Comparison," SOEPpapers on Multidisciplinary Panel Data Research 500, DIW Berlin, The German Socio-Economic Panel (SOEP).
    2. Seymour Spilerman & Francois-Charles Wolff, 2012. "Parental wealth and resource transfers: How they matter in France for home ownership and living standards," Post-Print hal-03914532, HAL.
    3. Hällsten, Martin & Pfeffer, Fabian T., 2017. "Grand advantage: family wealth and grandchildren's educational achievement in Sweden," Working Paper Series 2017:3, IFAU - Institute for Evaluation of Labour Market and Education Policy.

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