Inheriting wealth in America
Subtitle: future boom or bust?
By: Edward N. Wolff ; [with a chapter by] Maury Gittleman
Contributors: Gittleman, Maury B.
Publisher: Oxford University Press
Published: 2015
Language: eng
Number of pages: 258
ISBN-13: 9780199353958
Subjects: Inheritance and succession; Wealth; Income distribution
Description: Inheritances are often regarded as a great 'evil', enabling great fortunes to be passed from one generation to another, exacerbating wealth inequality, and reducing wealth mobility. Using data from the Survey of Consumer Finances, the Panel Study of Income Dynamics, and a simulation model over years 1989 to 2010, the author reports six major findings.
Notes: Includes bibliographical references (pages 247-252) and index.
Table of contents: title: Introduction : why inheritances matter; title: Background material; title: Inheritances and the distribution of wealth, or whatever happened to the great inheritance boom?; title: An examination of inheritances using the panel survey of income dynamics / Maury Gittleman; title: Wealth accumulation by age cohort : the role of savings, capital gains, and intergenerational transfers; title: Conclusions and policy recommendations.