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Inheritance and the Distribution of Wealth

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  • Frank A Cowell

Abstract

The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and population parameters such as the distribution of families by size, marriage patterns, tax mechanisms and savings behaviour within a simple model of inheritance.

Suggested Citation

  • Frank A Cowell, 1998. "Inheritance and the Distribution of Wealth," STICERD - Distributional Analysis Research Programme Papers 34, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    • Handle: RePEc:cep:stidar:34
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    File URL: https://sticerd.lse.ac.uk/dps/darp/darp34.pdf
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    Cited by:

    1. Lorelei Crisologo-Mendoza; & Dirk Van de gaer, 1997. "Population Growth and Customary Law on Land: The Case of Cordillera Villages in the Philippines," Economics Department Working Paper Series n761197, Department of Economics, National University of Ireland - Maynooth.
    2. Cowell, Frank A., 2014. "Piketty in the long run," LSE Research Online Documents on Economics 65992, London School of Economics and Political Science, LSE Library.
    3. Piketty, Thomas & Zucman, Gabriel, 2014. "Wealth and Inheritance in the Long Run," CEPR Discussion Papers 10072, C.E.P.R. Discussion Papers.
    4. Frank A. Cowell & Philippe Kerm, 2015. "Wealth Inequality: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 671-710, September.
    5. Matthieu Gomez, 2023. "Decomposing the Growth of Top Wealth Shares," Econometrica, Econometric Society, vol. 91(3), pages 979-1024, May.
    6. Klaus Deininger & Songqing Jin & Hari K. Nagarajan & Fang Xia, 2019. "Inheritance Law Reform, Empowerment, and Human Capital Accumulation: Second-Generation Effects from India," Journal of Development Studies, Taylor & Francis Journals, vol. 55(12), pages 2549-2571, December.

    More about this item

    Keywords

    Inheritance; wealth; Pareto distribution;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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