2018

Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations

Reprint No. 2018:43

Author(s): Adrian Adermon, Mikael Lindahl and Daniel WaldenströmYear: 2018 Title: Economic Journal Volume (No.): 128 (612) Pages: 482–513
Online article (restrictions may apply)


This study estimates intergenerational wealth correlations across up to four generations and examines the degree to which the wealth association between parents and children can be explained by inheritances. Using a Swedish data set with newly hand‐collected data on wealth and bequests, we find parent‐child rank correlations of 0.3–0.4 and grandparent–grandchild rank correlations of 0.1–0.2. Bequests and gifts appear to be central in this process, accounting for at least half of the parent–child wealth correlation while earnings and education can account for only a quarter.


Reference:
Adermon, Adrian, Mikael Lindahl and Daniel Waldenström (2018), "Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations". Economic Journal 128(612), 482–513.

Daniel Waldenström

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Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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