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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.
09.01.1998ISSN 2573-7953 WP 98-11DOI 10.26509/frbc-wp-199811

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

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