@article{Adermonetal2018,
  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 = {2018},
  journal = {The Economic Journal},
  volume = {128},
  number = {612},
  pages = {F482--F513},
  doi = {10.1111/ecoj.12535},
  url = {https://doi.org/10.1111/ecoj.12535},
  abstract = {This study estimates intergenerational wealth correlations across up to four generations and examines the degree to which the wealth association between parents and children can be explained by inheritances. Using a Swedish data set with newly hand-collected data on wealth and bequests, we find parent-child rank correlations of 0.3--0.4 and grandparent--grandchild rank correlations of 0.1-- 0.2. Bequests and gifts appear to be central in this process, accounting for at least half of the parent-- child wealth correlation while earnings and education can account for only a quarter.},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth}
}

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