Secular Changes in Wealth Inequality and Inheritance  

Oleh:

Laitner, John

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 111 no. 474 (2001), page 691-721.
Topik: EQUALITY; secular changes; wealth; inequality; inheritance
Fulltext: 691.pdf (349.79KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Data suggest that the distribution of wealth among households in the USA and UK has become more equal over the last century, though, at least for the USA, the pattern may have reversed recently. This paper shows that a model in which all households save for life - cycle reasons and some for dynastic purposes as well offers a possible or partial explanation : the model predicts rising cross - sectional equality of wealth when longevity increases. There may also be implications about very recent changes : expansion of social security programmes and government deficits can lead toward more wealth inequality. Slower growth may do the same.

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