Estimating the Effect of Late Life Income on Intergenerational Transfers
Saturday, November 14, 2015 : 1:45 PM
Tequesta (Hyatt Regency Miami)
*Names in bold indicate Presenter
Wealth inequality has potentially far reaching implications for multiple dimensions of social inequality, affecting the ability of families to invest in education and health among other key socioeconomic factors. Current trends in wealth inequality further motivate work that attempts to uncover the determinants of wealth. This paper investigates one possible channel for growing wealth inequality, namely how intergenerational wealth transfers to children responds to changes in the later life income of parents.