IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Permanent Income, Age and the Distribution of Wealth

  • André MASSON
Registered author(s):

    Within a life cycle framework, this paper focuses first, on the relation, adjusted for age, between wealth and lifetime resources (comprising permanent (labor) income and inheritance) and second, on distributional issues, through the contribution to wealth inequality of age and permanent income combined. The theoretical analysis concentrates on the other factors of wealth inequality and shows that they are likely to induce non linearities between wealth and resources. Empirical French results reveal the crucial role played by inheritance in accumulation, the lifetime propensity to save out of capital receipts being much higher than the one out of permanent income. Moreover, the joint contribution to wealth inequality of age and permanent income may be quite important, although not dominant (26% in Canada, around 45% in France).

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by ENSAE in its journal Annals of Economics and Statistics.

    Volume (Year): (1988)
    Issue (Month): 9 ()
    Pages: 227-256

    in new window

    Handle: RePEc:adr:anecst:y:1988:i:9:p:11
    Contact details of provider: Postal: 3, avenue Pierre Larousse, 92245 Malakoff Cedex
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1988:i:9:p:11. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Gary-Bobo)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.