Intergenerational transfers: how do they shape the German wealth distribution?
This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution of German households. Similar to most other central European countries, Germany is likely to face a period of increasing aggregate bequest flows. At the same time, there is an ongoi...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin
Freie Universität Berlin
October 8, 2018
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| Schriftenreihe: | Discussion paper / Freie Universität Berlin, School of Business & Economics Economics
2018, 15 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution of German households. Similar to most other central European countries, Germany is likely to face a period of increasing aggregate bequest flows. At the same time, there is an ongoing debate on the distributional implications of such wealth shocks. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household wealth and transfer accrual |
| Beschreibung: | 1 Online-Ressource (53 Seiten) Diagramme |
Internformat
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| 520 | 3 | |a This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution of German households. Similar to most other central European countries, Germany is likely to face a period of increasing aggregate bequest flows. At the same time, there is an ongoing debate on the distributional implications of such wealth shocks. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household wealth and transfer accrual | |
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| spelling | Werder, Marten von Verfasser (DE-588)1122462654 aut Intergenerational transfers how do they shape the German wealth distribution? Marten von Werder Berlin Freie Universität Berlin October 8, 2018 1 Online-Ressource (53 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Discussion paper / Freie Universität Berlin, School of Business & Economics 2018, 15 Economics This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution of German households. Similar to most other central European countries, Germany is likely to face a period of increasing aggregate bequest flows. At the same time, there is an ongoing debate on the distributional implications of such wealth shocks. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household wealth and transfer accrual Wohlfahrtsmessung (DE-588)4124950-1 gnd rswk-swf Vermögensverteilung (DE-588)4063086-9 gnd rswk-swf Haushalt (DE-588)4023744-8 gnd rswk-swf Intergenerationentransfer (DE-588)4426198-6 gnd rswk-swf Erbschaft (DE-588)4015114-1 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Vermögensverteilung (DE-588)4063086-9 s Haushalt (DE-588)4023744-8 s Erbschaft (DE-588)4015114-1 s Intergenerationentransfer (DE-588)4426198-6 s Wohlfahrtsmessung (DE-588)4124950-1 s DE-188 Freie Universität Berlin, School of Business & Economics Discussion paper 2018, 15 : Economics (DE-604)BV026641400 2018,15 https://refubium.fu-berlin.de/handle/fub188/23076 Resolving-System kostenfrei Volltext |
| spellingShingle | Werder, Marten von Intergenerational transfers how do they shape the German wealth distribution? Wohlfahrtsmessung (DE-588)4124950-1 gnd Vermögensverteilung (DE-588)4063086-9 gnd Haushalt (DE-588)4023744-8 gnd Intergenerationentransfer (DE-588)4426198-6 gnd Erbschaft (DE-588)4015114-1 gnd |
| subject_GND | (DE-588)4124950-1 (DE-588)4063086-9 (DE-588)4023744-8 (DE-588)4426198-6 (DE-588)4015114-1 (DE-588)4011882-4 |
| title | Intergenerational transfers how do they shape the German wealth distribution? |
| title_auth | Intergenerational transfers how do they shape the German wealth distribution? |
| title_exact_search | Intergenerational transfers how do they shape the German wealth distribution? |
| title_full | Intergenerational transfers how do they shape the German wealth distribution? Marten von Werder |
| title_fullStr | Intergenerational transfers how do they shape the German wealth distribution? Marten von Werder |
| title_full_unstemmed | Intergenerational transfers how do they shape the German wealth distribution? Marten von Werder |
| title_short | Intergenerational transfers |
| title_sort | intergenerational transfers how do they shape the german wealth distribution |
| title_sub | how do they shape the German wealth distribution? |
| topic | Wohlfahrtsmessung (DE-588)4124950-1 gnd Vermögensverteilung (DE-588)4063086-9 gnd Haushalt (DE-588)4023744-8 gnd Intergenerationentransfer (DE-588)4426198-6 gnd Erbschaft (DE-588)4015114-1 gnd |
| topic_facet | Wohlfahrtsmessung Vermögensverteilung Haushalt Intergenerationentransfer Erbschaft Deutschland |
| url | https://refubium.fu-berlin.de/handle/fub188/23076 |
| volume_link | (DE-604)BV026641400 |
| work_keys_str_mv | AT werdermartenvon intergenerationaltransfershowdotheyshapethegermanwealthdistribution |