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The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines 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 data 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 owndoi:10.3386/w22687 fatcat:4zspqkxwlbazphpsesgxkacsg4