@techreport{FeivesonSabelhaus2018,
  type = {{{FEDS Notes}}},
  title = {How Does Intergenerational Wealth Transmission Affect Wealth Concentration?},
  author = {Feiveson, Laura and Sabelhaus, John},
  year = {2018},
  month = jun,
  institution = {{Board of Governors of the Federal Reserve System}},
  doi = {10.17016/2380-7172.2209},
  url = {https://doi.org/10.17016/2380-7172.2209},
  abstract = {Wealth concentration is high and rising in the US, reigniting an old debate within economics about the role that intergenerational wealth transmission plays in understanding savings and wealth accumulation.1 One view is that observed wealth holdings at any point in time are almost entirely attributable to lifetime saving that is unconnected to family wealth or support, which implies that intergenerational wealth transmission is probably not particularly important for explaining wealth concentration. An alternative view is that wealthy dynastic families hold a substantial share of aggregate wealth that is systematically passed from old to young, either through direct transfers in the form of inheritances and financial gifts, or more indirect channels such as the provision of education or other opportunities that lead to future wealth accumulation.2 In this note, we seek to establish the role of intergenerational wealth transmission by using the Federal Reserve Board's Survey of Consumer Finances (SCF), which contains extensive information about household balance sheets, intergenerational transfers made and received, and demographic and socioeconomic characteristics of respondents},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth}
}

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An alternative view is that wealthy dynastic families hold a substantial share of aggregate wealth that is systematically passed from old to young, either through direct transfers in the form of inheritances and financial gifts, or more indirect channels such as the provision of education or other opportunities that lead to future wealth accumulation.2 In this note, we seek to establish the role of intergenerational wealth transmission by using the Federal Reserve Board's Survey of Consumer Finances (SCF), which contains extensive information about household balance sheets, intergenerational transfers made and received, and demographic and socioeconomic characteristics of respondents","keywords":"Determinants of Wealth and Wealth Inequality,Intergenerational Wealth","bibtex":"@techreport{FeivesonSabelhaus2018,\n type = {{{FEDS Notes}}},\n title = {How Does Intergenerational Wealth Transmission Affect Wealth Concentration?},\n author = {Feiveson, Laura and Sabelhaus, John},\n year = {2018},\n month = jun,\n institution = {{Board of Governors of the Federal Reserve System}},\n doi = {10.17016/2380-7172.2209},\n url = {https://doi.org/10.17016/2380-7172.2209},\n abstract = {Wealth concentration is high and rising in the US, reigniting an old debate within economics about the role that intergenerational wealth transmission plays in understanding savings and wealth accumulation.1 One view is that observed wealth holdings at any point in time are almost entirely attributable to lifetime saving that is unconnected to family wealth or support, which implies that intergenerational wealth transmission is probably not particularly important for explaining wealth concentration. An alternative view is that wealthy dynastic families hold a substantial share of aggregate wealth that is systematically passed from old to young, either through direct transfers in the form of inheritances and financial gifts, or more indirect channels such as the provision of education or other opportunities that lead to future wealth accumulation.2 In this note, we seek to establish the role of intergenerational wealth transmission by using the Federal Reserve Board's Survey of Consumer Finances (SCF), which contains extensive information about household balance sheets, intergenerational transfers made and received, and demographic and socioeconomic characteristics of respondents},\n keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth}\n}\n\n","author_short":["Feiveson, L.","Sabelhaus, J."],"key":"FeivesonSabelhaus2018","id":"FeivesonSabelhaus2018","bibbaseid":"feiveson-sabelhaus-howdoesintergenerationalwealthtransmissionaffectwealthconcentration-2018","role":"author","urls":{"link":"https://doi.org/10.17016/2380-7172.2209"},"keyword":["Determinants of Wealth and Wealth Inequality","Intergenerational Wealth"],"metadata":{"authorlinks":{}},"downloads":0},"bibtype":"techreport","creationDate":"2019-07-31T12:58:44.006Z","downloads":0,"keywords":["determinants of wealth and wealth inequality","intergenerational wealth"],"search_terms":["intergenerational","wealth","transmission","affect","wealth","concentration","feiveson","sabelhaus"],"title":"How Does Intergenerational Wealth Transmission Affect Wealth Concentration?","year":2018,"biburl":"https://bibbase.org/f/nKAPSyp34A9azBzJd/GCWealthProject_WealthResearchLibrary.bib","dataSources":["QFH3S2ktnk2HEGP7y","ya2CyA73rpZseyrZ8","Ehs2RwEzf4bZfKzK4","cJJHdqh9t5tR5wpLH","F3pGsndC3BMm5kzaE","t77TCZsnrGgyo6dsY","BCPeddFnrLq82SA2k","2w2tCMfz9tagnuYcn","grHFPbjkekLtP8Rd5","reZhxJTZLXbC6Xb4R","CievPB5mG8TuzbbZ3","XqKxryftLF3GWq6cY","M7of5cge3GPiYqZve","PZFBspX8PwJz5LKpx","ve96mwrzCBBzfBff6","zu77p3c7mn9doiv7C","rGyABhQGe9pcQ9R2W","7X2xHQTrKka5yPvuD","gktz2DotJNwWxzBjM","s55XALJsj7pSgkAJ5","6TRStm8krC6i2nGYe","yda7rYQnmKoN94xAr","hHZFQp7q53h3BYKe8"]}