Inheritance And The Inequality Of Material Wealth
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Author | : John A. Brittain |
Publisher | : Washington : Brookings Institution |
Total Pages | : 120 |
Release | : 1978 |
Genre | : Law |
ISBN | : |
Inheritance as a determinant of personal wealth: Inferences from data on married men and women; implications of the life cycle hypothese and the wealth age association. Intergenerational wealth relationships.
Author | : John A. Brittain |
Publisher | : |
Total Pages | : 102 |
Release | : 1978 |
Genre | : |
ISBN | : |
Author | : Colin Harbury |
Publisher | : Routledge |
Total Pages | : 167 |
Release | : 2012-11-12 |
Genre | : Business & Economics |
ISBN | : 113650530X |
Modern Britain is characterised by marked inequalities in the distribution of wealth, which continue to fuel controversy and arouse strong, if adverse, feelings. Originally published in 1979, Inheritance and Wealth Inequality in Britain provides detailed evidence on the relative importance of inherited and self-made wealth. It is the first major work in the field since Wedgwood’s pioneering study in 1929, and represents a major contribution to current debates on justice and inequality. The study is based on more than fifteen years of detective work on successive generations of the wealthy. Professors Harbury and Hitchens have searched through the public records of registered wills, contacted relatives, executors and solicitors and have even tramped through graveyards in order to build up their picture of how wealth is actually transmitted from generation to generation. Results of this research challenge the commonly held view that inheritance is no longer a main force in the perpetuation of wealth and demonstrate unquestionably that it remains a factor of paramount importance. The book helps to answer such questions as: what proportion of wealthy men and wealthy women are self-made? Do the rich tend to marry the rich? Which industries tend to favour self-made as against inherited wealth? What are the chances today of inheriting or dissipating a fortune? Inheritance and Wealth Inequality in Britain is essential reading for those academically and professionally concerned with policymaking on income and wealth distribution and with the tax system; and to students taking courses in welfare economics, public finance and the sociology of class. It is also an important contribution to the history of modern Britain.
Author | : John A. Brittain |
Publisher | : Washington : Brookings Institution |
Total Pages | : 122 |
Release | : 1978 |
Genre | : Law |
ISBN | : |
Inheritance as a determinant of personal wealth: Inferences from data on married men and women; implications of the life cycle hypothese and the wealth age association. Intergenerational wealth relationships.
Author | : Josiah Wedgwood |
Publisher | : Kennikat Press |
Total Pages | : 296 |
Release | : 1971 |
Genre | : Business & Economics |
ISBN | : |
"First published in 1929, new introduction 1939."Originally presented as the author's thesis, London School of Economics. Bibliography: p. 276-278.
Author | : Robert K. Miller Jr. |
Publisher | : Springer Science & Business Media |
Total Pages | : 233 |
Release | : 2013-11-11 |
Genre | : Social Science |
ISBN | : 1489919317 |
Inheritance and Wealth in America is a superb collection of original essays, written in nontechnical language by experts in sociology, economics, anthropology, history, law, and other disciplines. Notable chapters provide - an outstanding interpretative history of inheritance in American legal thought - a critical review of the literature on the economics of inheritance at the household and societal levels - a superb history of Federal taxation of wealth transfers, and - a sociological examination of inheritance and its role in class reproduction and stratification. This groundbreaking work is of value to any researcher dealing with the transmission of wealth and privilege across generations.
Author | : Edward N. Wolff |
Publisher | : Oxford University Press |
Total Pages | : 267 |
Release | : 2015-01-27 |
Genre | : Business & Economics |
ISBN | : 0199353972 |
Inheritances are often regarded as a societal "evil," enabling great fortunes to be passed from one generation to another, thus exacerbating wealth inequality and reducing wealth mobility. Discussions of inheritances in America bring to mind the Vanderbilts, Rockefellers, and "trust fund babies"---people who receive enough money through inheritances or gifts that they do not have any need to work during their lifetime. Though these are, of course, extreme outliers, inheritances in America have a reputation for being a way the rich keep getting richer. In Inheriting Wealth in America, Edward Wolff seeks to counter these misconceptions with data and arguments that illuminate who inherits what in the United States and what results from these wealth transfers. Using data from the Survey of Consumer Finances---a triennial survey conducted by the Federal Reserve Board that contains detailed information on household wealth, inheritances, and gifts---as well as the Panel Study of Income Dynamics and a simulation model over years 1989 to 2010, Wolff reports six major findings on the state of inheritances in America. First, wealth transfers (inheritances and gifts) accounted for less than one quarter of household wealth. However, for persons age 75 and over, the figure was about two-fifths since they have more time to receive wealth transfers. Indirect evidence, derived from the simulation model, indicates a figure closer to two-thirds at end of life - probably the best estimate. Second, despite prognostications of a coming "inheritance boom," it has not materialized yet. Only a small (and statistically insignificant) uptick in average wealth transfers was observed over the period, and wealth transfers were actually down as a share of household wealth. Third, while wealth transfers are greater in dollar amount for richer households than poorer ones, they constitute a smaller share of the accumulated wealth of the rich. Fourth, contrary to popular belief, inheritances and gifts, on net, reduce wealth inequality rather than raising it. The rationale is that inheritances and particularly gifts typically flow from richer to poorer persons, thus lowering wealth inequality. Fifth, despite a rapid rise in income inequality, the inequality of wealth transfers shows no discernible time trend from 1989 to 2010, neither upward nor downward. Sixth, among the very wealthy, the share of wealth accounted for by wealth transfers is surprisingly low, only about a sixth, and this share has trended significantly downward over time. It is true that inheritances and gifts are unequal, with only one fifth of families receiving wealth transfers and these transfers benefitting the rich far more than the middle class and the poor. That, however, is not the whole picture of inheritances in America. Clearly-written and illuminating, this books expertly distills an abundance of data on inheritances into important takeaways for all who wonder about the current state of inheritances and gifts in the United States.
Author | : John Cunliffe |
Publisher | : Routledge |
Total Pages | : 259 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0415516927 |
The core of the book consists of a selection of papers presented at an international workshop where researchers from a variety of fields and countries discussed the connections between inherited wealth, justice and equality. The volume is complemented by a few other papers commissioned by the editors. The contributions cover historical, political, philosophical, sociological and economic aspects.
Author | : Colin Harbury |
Publisher | : |
Total Pages | : 0 |
Release | : 2012-01-14 |
Genre | : Inheritance and succession |
ISBN | : 9780415694759 |
Originally published in 1979, Inheritance and Wealth Inequality in Britain provides detailed evidence on the relative importance of inherited and self-made wealth.
Author | : Jens Beckert |
Publisher | : Princeton University Press |
Total Pages | : 396 |
Release | : 2008 |
Genre | : Law |
ISBN | : 9780691134512 |
How to regulate the transfer of wealth from one generation to the next has been hotly debated among politicians, legal scholars, sociologists, economists, and philosophers for centuries. Bequeathing wealth is a vital ingredient of family solidarity. But does the reproduction of social inequality through inheritance square with the principle of equal opportunity? Does democracy suffer when family wealth becomes political power? The first in-depth, comparative study of the development of inheritance law in the United States, France, and Germany, Inherited Wealth investigates longstanding political and intellectual debates over inheritance laws and explains why these laws still differ so greatly among these countries. Using a sociological perspective, Jens Beckert sheds light on the four most controversial issues in inheritance law during the past two centuries: the freedom to dispose of one's property as one wishes, the rights of family members to the wealth bequeathed, the dissolution of entails (which restrict inheritance to specific classes of heirs), and estate taxation. Beckert shows that while the United States, France, and Germany have all long defended inheritance rights based on the notion of individual property rights, they have justified limitations on inheritance rights in profoundly different ways, reflecting culturally specific ways of understanding the problems of inherited wealth.