@book{Wolff2015,
  title = {Inheriting Wealth in {{America}}: Future Boom or Bust?},
  author = {Wolff, Edward N.},
  year = {2015},
  publisher = {{Oxford University Press}},
  address = {{New York}},
  doi = {10.1093/acprof:oso/9780199353958.001.0001},
  url = {https://doi.org/10.1093/acprof:oso/9780199353958.001.0001},
  abstract = {Inheritances are often regarded as a great ``evil,'' enabling great fortunes to be passed from one generation to another, exacerbating wealth inequality, and reducing wealth mobility. Using data from the Survey of Consumer Finances, the Panel Study of Income Dynamics, and a simulation model over years 1989 to 2010, I report six major findings. First, wealth transfers (inheritances and gifts) accounted for less than one-quarter of household wealth. However, for persons age 75 and over, the figure was about two-fifths. Indirect evidence from the simulation model indicates a figure closer to two-thirds at end of life\textemdash probably the best estimate. Second, despite prognostications of a coming ``inheritance boom,'' only a small uptick in average wealth transfers was observed over these years, and wealth transfers were actually down as a share of household wealth. Third, while wealth transfers are greater in dollar amount for richer than for poorer households, they constitute a smaller share of the accumulated wealth of the rich. Fourth, contrary to popular belief, inheritances and gifts, on net, reduce wealth inequality because they typically flow from richer to poorer persons. Fifth, despite a rapid rise in income inequality, the inequality of wealth transfers shows no discernible time trend from 1989 to 2010. Sixth, among the very wealthy, the share of wealth accounted for by wealth transfers is surprisingly low, only about a sixth, and this share has trended downward over time.},
  isbn = {978-0-19-935395-8},
  keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality}
}

{"_id":"RgQcc4JXDWLJtk2JG","bibbaseid":"wolff-inheritingwealthinamericafutureboomorbust-2015","author_short":["Wolff, E. N."],"bibdata":{"bibtype":"book","type":"book","title":"Inheriting Wealth in America: Future Boom or Bust?","author":[{"propositions":[],"lastnames":["Wolff"],"firstnames":["Edward","N."],"suffixes":[]}],"year":"2015","publisher":"Oxford University Press","address":"New York","doi":"10.1093/acprof:oso/9780199353958.001.0001","url":"https://doi.org/10.1093/acprof:oso/9780199353958.001.0001","abstract":"Inheritances are often regarded as a great ``evil,'' enabling great fortunes to be passed from one generation to another, exacerbating wealth inequality, and reducing wealth mobility. Using data from the Survey of Consumer Finances, the Panel Study of Income Dynamics, and a simulation model over years 1989 to 2010, I report six major findings. First, wealth transfers (inheritances and gifts) accounted for less than one-quarter of household wealth. However, for persons age 75 and over, the figure was about two-fifths. Indirect evidence from the simulation model indicates a figure closer to two-thirds at end of life— probably the best estimate. Second, despite prognostications of a coming ``inheritance boom,'' only a small uptick in average wealth transfers was observed over these years, and wealth transfers were actually down as a share of household wealth. Third, while wealth transfers are greater in dollar amount for richer than for poorer households, they constitute a smaller share of the accumulated wealth of the rich. Fourth, contrary to popular belief, inheritances and gifts, on net, reduce wealth inequality because they typically flow from richer to poorer persons. Fifth, despite a rapid rise in income inequality, the inequality of wealth transfers shows no discernible time trend from 1989 to 2010. Sixth, among the very wealthy, the share of wealth accounted for by wealth transfers is surprisingly low, only about a sixth, and this share has trended downward over time.","isbn":"978-0-19-935395-8","keywords":"Determinants of Wealth and Wealth Inequality,Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality","bibtex":"@book{Wolff2015,\n title = {Inheriting Wealth in {{America}}: Future Boom or Bust?},\n author = {Wolff, Edward N.},\n year = {2015},\n publisher = {{Oxford University Press}},\n address = {{New York}},\n doi = {10.1093/acprof:oso/9780199353958.001.0001},\n url = {https://doi.org/10.1093/acprof:oso/9780199353958.001.0001},\n abstract = {Inheritances are often regarded as a great ``evil,'' enabling great fortunes to be passed from one generation to another, exacerbating wealth inequality, and reducing wealth mobility. Using data from the Survey of Consumer Finances, the Panel Study of Income Dynamics, and a simulation model over years 1989 to 2010, I report six major findings. First, wealth transfers (inheritances and gifts) accounted for less than one-quarter of household wealth. However, for persons age 75 and over, the figure was about two-fifths. Indirect evidence from the simulation model indicates a figure closer to two-thirds at end of life\\textemdash probably the best estimate. Second, despite prognostications of a coming ``inheritance boom,'' only a small uptick in average wealth transfers was observed over these years, and wealth transfers were actually down as a share of household wealth. Third, while wealth transfers are greater in dollar amount for richer than for poorer households, they constitute a smaller share of the accumulated wealth of the rich. Fourth, contrary to popular belief, inheritances and gifts, on net, reduce wealth inequality because they typically flow from richer to poorer persons. Fifth, despite a rapid rise in income inequality, the inequality of wealth transfers shows no discernible time trend from 1989 to 2010. Sixth, among the very wealthy, the share of wealth accounted for by wealth transfers is surprisingly low, only about a sixth, and this share has trended downward over time.},\n isbn = {978-0-19-935395-8},\n keywords = {Determinants of Wealth and Wealth Inequality,Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality}\n}\n\n","author_short":["Wolff, E. 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