@unpublished{Adermonetal2016,
  title = {Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations},
  author = {Adermon, Adrian and Lindahl, Mikael and Waldenstr{\"o}m, Daniel},
  year = {2016},
  doi = {10.1111/ecoj.12535},
  url = {https://www.iza.org/publications/dp/10126/intergenerational-wealth-mobility-and-the-role-of-inheritance-evidence-from-multiple-generations},
  abstract = {This study estimates intergenerational correlations in mid-life wealth across three generations, and a young fourth generation, and examines how much of the parent-child association that can be explained by inheritances. Using a Swedish data set we find parent- child rank correlations of 0.3\textendash 0.4 and grandparents-grandchild rank correlations of 0.1\textendash 0.2. Conditional on parents' wealth, grandparents' wealth is weakly positively associated with grandchild's wealth and the parent-child correlation is basically unchanged if we control for grandparents' wealth. Bequests and gifts strikingly account for at least 50 per cent of the parent-child wealth correlation while earnings and education are only able to explain 25 per cent.},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth},
  note = {Unpublished manuscript}
}

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