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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.534224.de
LOCATION:Eleanor-Dulles-Raum,DIW Berlin im Quartier 110,5.2.010,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Gifts and Inheritances: How do They Shape the Wealth Distribution
DESCRIPTION:12:30 - 13:30 // Using Data from the Socio-Economic Panel, I estimate the impact of intergenerational transfers on the level and the inequality of wealth. I particularly focus on the propensity of households to save from gifts and inheritances: While many studies on wealth inequality assume that these transfers are fully saved, households typically add only a certain share of them to their previously accumulated wealth. I find that households on average save only around 60 Cents of an inherited Euro. Quantile regression estimates then reveal that the propensity to save increases almost monotonically over the wealth distribution. Using the fitted values, I simulate the wealth distribution with and without transfers. I however do not find evidence that the heterogeneity in the propensity to save translates in a disequalizing effect of intergenerational transfers on the wealth distribution.
DTSTART;VALUE=DATE:20160525
DTEND;VALUE=DATE:20160525
DTSTAMP:20160522T220000Z
URL:https://www.diw.de/de/diw_01.c.534224.de/veranstaltungen/gifts_and_inheritances_how_do_they_shape_the_wealth_distribution.html
ORGANIZER;CN=Christian Westermeier:mailto:cwestermeier@diw.de
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