IDEAS home Printed from https://ideas.repec.org/a/aea/apandp/v112y2022p73-77.html
   My bibliography  Save this article

The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age

Author

Listed:
  • N. Meltem Daysal
  • Michael F. Lovenheim
  • David N. Wasser

Abstract

We use Danish register data to examine intergenerational rank-rank correlations in net wealth and gross housing wealth by child age and parental income. Our results indicate that gross housing wealth correlations are more stable by child age than are net wealth correlations, which we argue is due to a downward bias in net wealth correlations from transitory debt. Intergenerational housing wealth correlations also are larger for lower-income families, while net wealth correlations do not vary much across the income distribution. Finally, we show that intergenerational net wealth and gross housing wealth correlations move in opposite directions across the income distribution.

Suggested Citation

  • N. Meltem Daysal & Michael F. Lovenheim & David N. Wasser, 2022. "The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age," AEA Papers and Proceedings, American Economic Association, vol. 112, pages 73-77, May.
    • Handle: RePEc:aea:apandp:v:112:y:2022:p:73-77
    DOI: 10.1257/pandp.20221058
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20221058
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20221058.appx
    Download Restriction: no
    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20221058.ds
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    File URL: https://libkey.io/10.1257/pandp.20221058?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. N. Meltem Daysal & Michael F. Lovenheim & David N. Wasser, 2023. "The Intergenerational Transmission of Housing Wealth," CESifo Working Paper Series 10647, CESifo.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:apandp:v:112:y:2022:p:73-77. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.