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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Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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