Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323803 
Year of Publication: 
2025
Citation: 
[Journal:] Review of Income and Wealth [ISSN:] 1475-4991 [Volume:] 71 [Issue:] 2 [Article No.:] e70015 [Publisher:] Wiley [Year:] 2025
Abstract: 
ABSTRACT Who makes it to the top? We use the leading socio‐economic survey in Germany, supplemented by extensive data on the rich, to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a few traits matter: Entrepreneurship and self‐employment in conjunction with a sizable inheritance of company assets is the most important covariate combination across all rich groups. Our data suggest that all top 1 percent groups, but especially the joint top 1 percent, are predominantly populated by intergenerational entrepreneurs.
Subjects: 
intergenerational transfers
predictions
rich‐group classification modeling
top income
top wealth
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.