Simulating the Transmission of Wealth Inequality via Bequests

Gokhale, Jagadeesh; Kotlikoff, Laurence; Sefton, James; Weale, Martin

doi:10.26509/frbc-wp-199811

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Working Paper

Simulating the Transmission of Wealth Inequality via Bequests

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Answering the question of how much wealth inequality arises from inheritance inequality requires data that are unavailable and potentially uncollectable. The alternative approach taken here (from Blinder [1974, 1976] and Davies [1982]) is to simulate the transmission of inequality via bequests.

09.01.1998WP 98-11DOI 10.26509/frbc-wp-199811

Suggested Citation

Gokhale, Jagadeesh, Laurence Kotlikoff, James Sefton, and Martin Weale. 1998. “Simulating the Transmission of Wealth Inequality via Bequests.” Federal Reserve Bank of Cleveland, Working Paper No. 98-11. https://doi.org/10.26509/frbc-wp-199811

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