Born with a Silver Spoon? Danish Evidence on Wealth Inequality in Childhood
Bibliographic Data
| ID | 9707538 |
|---|---|
| Authors | Simon Halphen Boserup (0000-0001-5692-9298, University of Copenhagen), Wojciech Kopczuk (0000-0001-8678-275X, Columbia University, CEPR, and NBER), Claus Thustrup Kreiner (0000-0001-6421-492X, University of Copenhagen and CEPR, corresponding author) |
| Year | 2018 |
| Volume | 128 |
| Issue | 612 |
| Pages | F514-F544 |
| Publication date | 2018-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12496 |
| OpenAlex | W3022033324 |
| Language | EN |
| Citations received | 20 |
| References cited | 18 |
We use Danish wealth records from three decades to characterise wealth inequality in childhood, where the main source of wealth is transfers. Wealth holdings are small in childhood but they have strong predictive power for future wealth in adulthood. At age 18, asset holdings of children are more informative than parental wealth in predicting wealth of children when they are in their 40s. We investigate why and rule out that childhood wealth in itself can accumulate enough to explain later wealth inequality. Instead, childhood wealth seems to proxy for intergenerational correlation in savings behaviour and additional transfers from parents
Asset (computer security · Danish · Demographic economics · Economics · Inequality · Labour economics · Monetary economics · National wealth · Predictive power · Proxy (statistics · Wealth effect · Wealth elasticity of demand · Finance · Financial Literacy, Pension, Retirement Analysis · Income, Poverty, and Inequality · Intergenerational and Educational Inequality Studies
Intragenerational Mobility in Wealth in Germany, Norway, and Britain
Impôt sur les successions dans les pays de l’Ocde
Financial wealth and early income mobility
The Different Sources of Intergenerational Income Mobility in High‐ and Low‐Income Families
Routes to the Top
Wealth as One of the “Big Four” SES Dimensions in Intergenerational Transmissions
The Decline of Intergenerational Income Mobility in Denmark
The long arm of parental advantage
What explains intergenerational associations in home ownership and value in the UK? Investigating the transmission mechanisms
Earnings mobility across three generations of natives in Finland
Wealth Accumulation and the Gender Wealth Gap Across Couples’ Legal Statuses and Matrimonial Property Regimes in France
The Wealth of Parents
Perceptions of Inherited Wealth and the Support for Inheritance Taxation
New Directions in Measuring Intergenerational Mobility
Family Background, Educational Qualifications, and Labour Market Attainment
Dynastic cores and the borrowed time of newcomers. Wealth accumulation and the Norwegian one percent
Wealth Accumulation and Opportunity Hoarding
How are cultural tastes stratified? Evidence from library borrowing for the entire population of Denmark
Life-Cycle Economic Returns to Educational Mobility in Denmark
Parental homeownership and education
Capital in the Twenty-First Century
From the Cradle to the Labor Market? The Effect of Birth Weight on Adult Outcomes
Wealth Inequality in the United States since 1913
The Technology of Skill Formation
Intergenerational Mobility in the Labor Market
Where is the land of Opportunity? The Geography of Intergenerational Mobility in the United States
The Correlation of Wealth across Generations
Intergenerational Wealth Mobility in England, 1858-2012
What Do We Know about the Evolution of Top Wealth Shares in the United States
| Unique citing works | 20 |
|---|---|
| Citations per year | 2,5 |
| Citation span | 2018 - 2026 (9) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 19 |