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Simulating the transmission of wealth inequality via bequests

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Author Info
Jagadeesh Gokhale
Laurence J. Kotlikoff
James Sefton
Martin Weale

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Abstract

Answering the question of how much wealth inequality arises from inheritance inequality requires data that are unavailable and potentially uncollectable. The alternative approach taken here (from Blinder [1974, 1976] and Davies [1982]) is to simulate the transmission of inequality via bequests.

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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9811.

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Length: 46
Date of creation: 1998
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Handle: RePEc:fip:fedcwp:9811

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Keywords: Wealth

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  6. Jagadeesh Gokhale & Laurence J. Kotlikoff & John Sabelhaus, 1995. "Understanding the postwar decline in United States saving: a cohort analysis," Working Paper 9518, Federal Reserve Bank of Cleveland. [Downloadable!]
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  1. Ana Casta¤eda & Javier D¡az-Gim‚nez & Jos‚-Victor R¡os-Rull, 1998. "Earnings and wealth inequality and income taxation: quantifying the tradeoffs of switching to a proportional income tax in the U.S," Working Paper 9814, Federal Reserve Bank of Cleveland. [Downloadable!]
    Other versions:
  2. John Laitner & Daniel Silverman, 2006. "Consumption, Retirement, and Social Security: Evaluating the Efficiency of Reform with a Life-Cycle Model," Working Papers wp142, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  3. John Laitner & Dan Silverman, 2005. "Estimating Life—Cycle Parameters from Consumption Behavior at Retirement”," Working Papers wp099, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
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  4. Hans Fehr & Sabine Jokisch & Laurence Kotlikoff, 2003. "The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy," NBER Working Papers 10096, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. John Laitner, 2002. "Transition Paths and Social Security Reform," Working Papers wp025, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  6. John Laitner, 2004. "Precautionary Saving Over the Lifecycle," Working Papers wp083, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  7. John Laitner, 2003. "Labor Supply Responses to Social Security," Working Papers wp050, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  8. Jagadeesh Gokhale & Laurence J. Kotlikoff, 1999. "The impact of Social Security and other factors on the distribution of wealth," Working Paper 9913, Federal Reserve Bank of Cleveland. [Downloadable!]
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  9. Lutz Hendricks, 2005. "How Important is Discount Rate Heterogeneity for Wealth Inequality?," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
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  10. John Laitner, 2001. "Wealth Accumulation in the U.S.: Do Inheritances and Bequests Play a Significant Role?," Working Papers wp019, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  11. Fang Yang, 2005. "Accounting for the heterogeneity in retirement wealth," Working Papers 638, Federal Reserve Bank of Minneapolis. [Downloadable!]
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  12. Günther Fink & Silvia Redaelli, 2005. "Understanding Bequest Motives An Empirical Analysis of Intergenerational Transfers," DNB Working Papers 042, Netherlands Central Bank, Research Department. [Downloadable!]
  13. David, DE LA CROIX & Frédéric DOCQUIER & Philippe, LIEGEOIS, 2007. "Income Growth in the 21st century : forecasts with an overlapping generations model," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2007029, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
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  14. Hans Fehr & Sabine Jokisch & Laurence Kotlikoff, 2004. "Fertility, Mortality, and the Developed World’s Demographic Transition," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  15. Christian Kleiber & Martin Sexauer & Klaus Wälde, 2006. "Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
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  16. John Laitner & Chris House & Dmitri Stolyarov, 2005. "Valuing Lost Home Production for Dual-Earner Couples," Working Papers wp097, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  17. John Laitner, 2001. "Wealth, Inequality, and Altruistic Bequests," Working Papers wp017, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  18. Dilip Mookherjee & Debraj Ray, 2005. "Occupational Diversity and Endogenous Inequality," Boston University - Department of Economics - Working Papers Series WP2005-022, Boston University - Department of Economics. [Downloadable!]
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  19. John Laitner, 2001. "Modeling the Macroeconomic Implications of Social Security Reform," Working Papers wp015, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  20. Jagadeesh Gokhale & Laurence J. Kotlikoff, 2002. "Simulating the Transmission of Wealth Inequality," American Economic Review, American Economic Association, vol. 92(2), pages 265-269, May. [Downloadable!] (restricted)
  21. John Laitner, 2002. "Wealth Inequality and Altruistic Bequests," American Economic Review, American Economic Association, vol. 92(2), pages 270-273, May. [Downloadable!] (restricted)
  22. Mariacristina De Nardi, 2002. "Wealth inequality and intergenerational links," Staff Report 314, Federal Reserve Bank of Minneapolis. [Downloadable!]
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