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Simulating the transmission of wealth inequality via bequests

  • Jagadeesh Gokhale
  • Laurence J. Kotlikoff
  • James Sefton
  • Martin Weale

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