The Impact of Intergenerational Transfers on Wealth Inequality in Japan and the United States
The Impact of Intergenerational Transfers on Wealth Inequality in Japan and the United States
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代际转移对日本和美国财富不平等的影响
DOI：
10.1111/twec.12544
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发表时间：
2018
期刊：
影响因子：
2.5
通讯作者：
Yoko Niimi and Charles Yuji Horioka
中科院分区：
文献类型：
--
作者：
大塚修;夏井高人;井畑陽平;Yoko Niimi and Charles Yuji Horioka
我们的论文揭示了代际转移对财富不平等的影响，通过研究接受父母代际转移的个人是否比不使用日本和美国微观数据的人更有可能将遗产留给子女。估算结果显示，无论在日本还是美国，从父母和/或公婆那里获得的代际转移都增加了个人将遗产留给子女的可能性，这反过来可能有助于财富差距的持续或扩大。然而，在这两个国家中，这种趋势在较不富裕的家庭中更为强烈，这可能有助于减轻代际转移对财富分配的不平等影响，至少在一定程度上。
Our paper sheds light on the implications of intergenerational transfers for wealth inequality by examining whether or not individuals who receive intergenerational transfers from their parents are more likely to leave bequests to their children than those who do not using microdata for Japan and the United States. The estimation results show that the receipt of intergenerational transfers from parents and/or parents‐in‐law increases the likelihood of individuals leaving bequests to their children in both Japan and the United States, which in turn is likely to contribute to the persistence or widening of wealth disparities. However, such a tendency is found to be stronger among less better‐off households in both countries, and this may help alleviate the disequalising effect of intergenerational transfers on the distribution of wealth, at least to some extent.