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

Adermon Adrian | Zendy; Lindahl Mikael | Zendy; Waldenström Daniel | Zendy

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

Author(s) -

Adermon Adrian,

Lindahl Mikael,

Waldenström Daniel

Publication year - 2018

Publication title -

the economic journal

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 4.683

H-Index - 160

eISSN - 1468-0297

pISSN - 0013-0133

DOI - 10.1111/ecoj.12535

Subject(s) - grandparent , inheritance (genetic algorithm) , quarter (canadian coin) , economics , earnings , demographic economics , rank (graph theory) , grandchild , labour economics , psychology , biology , developmental psychology , geography , mathematics , genetics , accounting , archaeology , combinatorics , gene

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.

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