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Working Paper

Simulating the Transmission of Wealth Inequality via Bequests

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.

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.