Bequests and the Accumulation of Wealth in the Eurozone
INEQ Working Paper Series, 1. WU Vienna University of Economics and Business, Vienna. 2016.
Keywords and Classifikation
JEL-Classification C21, D31
Which households are located at the top of the wealth distribution in the Eurozone?
How do bequests influence the probability of going to the top of the wealth distribution?
What is the relationship between bequests and income concerning the accumulation of wealth?
Do these processes differ between the countries of the Eurozone?
Countries are not represented within the distribution according to their populations
The chances of going to the top of the wealth distribution are significantly influenced by bequests
Bequests play a different role concerning the accumulation of wealth in the top percentiles than at the bottom of the distribution
Inheritances play a crucial role with respect to the accumulation of wealth and the positioning of households in the net-wealth distribution