Intergenerational Wealth Elasticity in Japan
Intergenerational Wealth Elasticity in Japan
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日本的代际财富弹性
DOI：
10.1111/jere.12142
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发表时间：
2017
期刊：
影响因子：
--
通讯作者：
Kohei Kubota
中科院分区：
文献类型：
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作者：
Iwasaki;Ichiro and Suganuma;Keiko;阿部彩;児玉靖司;目代 武史;金雲鎬;Kohei Kubota
本研究利用日本原始调查数据估计了代际财富弹性，并评估了解释代际财富弹性的因素，如收入、教育水平、遗产和偏好。年龄调整后的子女财富相对于父母财富的弹性在0.266到0.367之间，转移矩阵表明，财富的代际传递在分配的尾部持续得更强。父母和子女财富的相关性主要来源于收入、教育和遗产，这三个因素共同构成财富弹性的63.9%。
This study estimates the intergenerational wealth elasticity using original Japanese survey data and assesses factors explaining the intergenerational wealth elasticity, such as income, educational level, bequests and preferences. The age-adjusted elasticity of child wealth with respect to parental wealth ranges from 0.266 to 0.367, and transition matrices indicate that the intergenerational transmission of wealth persists more strongly in the tails of the distributions. The correlation between parent and child wealth mainly stems from income, education and bequests, which jointly constitute 63.9% of the wealth elasticity.