IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/20807_7.html
   My bibliography  Save this book chapter

Intergenerational persistence of wealth

In: Research Handbook on Intergenerational Inequality

Author

Listed:
  • Philipp M. Lersch
  • Maximilian Longmuir
  • Daniel D. Schnitzlein

Abstract

Evidence from intergenerational correlations and sibling correlations shows that intergenerational persistence in wealth is substantially large and similar in size compared to income persistence. The intergenerational persistence in wealth is partly due to the direct transfers of wealth from parents to children, which makes wealth unique compared to other resources such as education and income. Furthermore, indirect processes of reproduction affecting investment in human capital, financial literacy, access to networks, and investment behavior contribute to intergenerational persistence. Demographic conditions, especially household formation, fertility, and mortality, are important for the persistence of wealth but remain underresearched. Evidence suggests that the intergenerational persistence in wealth is higher for men than women, and more research is needed to confirm the processes driving these gender differences.

Suggested Citation

  • Philipp M. Lersch & Maximilian Longmuir & Daniel D. Schnitzlein, 2024. "Intergenerational persistence of wealth," Chapters, in: Elina Kilpi-Jakonen & Jo Blanden & Jani Erola & Lindsey Macmillan (ed.), Research Handbook on Intergenerational Inequality, chapter 7, pages 86-99, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:20807_7
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781800888265.00014
    Download Restriction: no
    ---><---

    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:elg:eechap:20807_7. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    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.