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

By Adrian Adermon, Mikael Lindahl, Daniel Waldenström. Economic Journal, 2018

192 citations recorded by the source corpus.

This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent-child rank correlations of 0.3-0.4 and grandparents-grandchild rank correlations of 0.1-0.2. Conditional on parents' wealth, grandparents' wealth is weakly positively associated with grandchild's wealth and the parent-child correlation is basically unchanged if we control for grandparents' wealth. Bequests and gifts strikingly account for at least 50 per cent of the parent-child wealth correlation while earnings and education are only able to explain 25 per cent.

Subfields: Accounting, Management Science and Operations Research, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/98cbcd13acb33540d116e5a4300ab714d3776ae3

How researchers see this paper

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

In Accounting

1. Daniel Waldenström
2. Oscar Erixson
3. Mikael Elinder

In Sociology and Political Science

1. Daniel Waldenström
2. Mikael Elinder

Citations in the corpus

• Inheritance and wealth inequality: Evidence from population registers (2018, background): “2014), Adermon et al. (2018) study how inheritance affects intergenerational wealth mo-”