Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148546
Authors: 
Bönke, Timm
von Werder, Marten
Westermeier, Christian
Year of Publication: 
2016
Series/Report no.: 
Discussion Paper, School of Business & Economics: Economics 2016/26
Abstract: 
We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US. To do so, we resort to the decomposition of the coefficient of variation as suggested and applied by Wolff (1987, 2002, 2015) and Wolff and Gittleman (2014). The results hint that inheritances and gifts have a vastly equalizing effect on inequality in household wealth in all 8 countries.
Subjects: 
Inheritance
Household wealth
Inequality
JEL: 
D31
E21
Document Type: 
Working Paper

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