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Edward N. Wolff
- 28 February 2011
- WORKING PAPER SERIES - No. 1300Details
- Abstract
- We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time of death. However, there is little evidence of an inheritance
- JEL Code
- D31 : Microeconomics→Distribution→Personal Income, Wealth, and Their Distributions
J15 : Labor and Demographic Economics→Demographic Economics→Economics of Minorities, Races, Indigenous Peoples, and Immigrants, Non-labor Discrimination - Network
- Conference on household finance and consumption