| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11387
|
| DP11387 Inherited Wealth and Demographic Aging |
| Pierre Pestieau; Harun Onder
|
| 发表日期 | 2016-07-12
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | The role of inherited wealth in modern economies has increasingly become under scrutiny.
This study presents one of the first attempts to shed light on how demographic aging could
shape this role. We show that, in the absence of retirement annuities, or for a given level of
annuitization, both increasing longevity and decreasing fertility should reduce the inherited
share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge
in this share in some advanced economies. Shrinking retirement annuities, however, could
oset and potentially reverse these eects. We also show that aging could increase the size
of individual bequests vis-à-vis real wages. However, these bequests will be more unequally
distributed if aging is driven by a drop in fertility. In comparison, the eect of increasing
longevity on their distribution in non-monotonic. |
| 主题 | Public Economics
|
| 关键词 | Bequest motives
Aging
Inherited wealth
|
| URL | https://cepr.org/publications/dp11387
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540200
|
推荐引用方式
GB/T 7714 |
Pierre Pestieau,Harun Onder. DP11387 Inherited Wealth and Demographic Aging. 2016.
|
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