%0 Report
        %A Adermon, Adrian
%A Lindahl, Mikael
%A Waldenström, Daniel
        %T Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations
        %D 2016
        %8 2016 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 10126
        %U https://www.iza.org/publications/dp10126
        %X 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 0.3–0.4 and grandparents-grandchild rank correlations of 0.1–0.2. 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.
        %K multigenerational mobility
%K bequests
%K mid-life wealth