Reference : The intergenerational transmission of wealth in rich countries
Diverse speeches and writings : Article for general public
Business & economic sciences : Economic systems & public economics
The intergenerational transmission of wealth in rich countries
Nolan, Brian [University of Oxford]
Palomino, Juan [University of Oxford]
van Kerm, Philippe mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) > ; Luxembourg Institute of Socio-Economic Research - LISER]
Morelli, Salvatore [City University of New York > Stone Center on Socio-Economic Inequality]
[en] bequests ; inheritance ; wealth
[en] Whether and how much intergenerational transfers contribute to wealth inequality is still subject to debate. This column analyses household survey data on inheritance and gifts inter vivos in France, Germany, Great Britain, Ireland, Italy, Spain, and the US to relate current household wealth levels and inequality to the receipt of intergenerational wealth transfers. In these countries, large transfers increase overall wealth inequality. Strengthening taxation capacity and instating lifetime capital acquisitions tax for gifts and inheritances may help counter the dis-equalising effect of intergenerational transfers.
Nuffield Foundation

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