Simulating the transmission of wealth inequality via bequests

By J. Gokhale, L. Kotlikoff, James Sefton, Martin Weale. 2001

140 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Saving and Wealth Inequality (2017, unknown): “Gokhale et al. (2001) also account for wealth inequality at retirement in an overlappinggenerations model with infinite risk aversion, only accidental bequests and a rich set of exogenous features (death and fertility, assortative mating, and heterogeneous human capital and rates of return).”
On the Long-Run Evolution of Inheritance: France 1820–2050 (2011, background): “14 See e.g. Blinder (1988), Kessler and Masson (1989), Gale and Scholz (1994), Gokhale et al (2001).”
How Important is Discount Rate Heterogeneity for Wealth Inequality? (2007, background): “With the loss function (12), the calibration algorithm avoids generating many poor households by reducing the fraction of very impatient individuals.”
Inheritance and wealth inequality: Evidence from population registers (2018, background): “Some of these models suggest that inheritances are equalizing (e.g., Laitner 1979a,b; Gokhale et al. 2001), while others suggest a disequalizing impact of bequests (e.”
Income Distribution in Macroeconomic Models (2005, unknown): “Gokhale et al. (2001) present a calibrated model with bequests to investigate the intergenerational transmission of U.”
The distribution of wealth (2000, background): “Gokhale et al. (1998) have explored a model with uncertain lifetime but certain earnings, in which the distribution of accidental bequests among heirs is modelled.”