| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7183 |
| 来源ID | Working Paper 7183 |
| Simulating the Transmission of Wealth Inequity via Bequests | |
| Jagadeesh Gokhale; Laurence J. Kotlikoff; James Sefton; Martin Weale | |
| 发表日期 | 1999-06-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper develops, calibrates, and simulates a dynamic 88-period OLG model to study the intergenerational transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death, assortative mating based on skills, heterogeneous skill endowments, heterogeneous rates of return, skill inheritability, progressive income taxation, and resource annuitization via social security. All bequests arise from imperfect annuitization. Nonetheless, the model generates a realistic ration of aggregate wealth to aggregate labor income, a realistic bequest flow relative to the stock of wealth, and a realistic wealth distribution at retirement. Skill differences, assortative mating, social security, and the time preference are the primary determinants of wealth inequality. Bequests do propagate wealth inequality, but only in the presence of social security, which disproportionately disinherits the lifetime poor. Intergenerational wealth immobility, also considered here, is primarily determined by the inheritance of skills from one's parents and the magnification of the impact of this inheritance by marital sorting. |
| 主题 | Microeconomics ; Market Structure and Distribution |
| URL | https://www.nber.org/papers/w7183 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564717 |
| 推荐引用方式 GB/T 7714 | Jagadeesh Gokhale,Laurence J. Kotlikoff,James Sefton,et al. Simulating the Transmission of Wealth Inequity via Bequests. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7183.pdf（503KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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