This seminar will be conducted through Zoom. Please register to join this seminar. You will then receive an email with the dial in details. The seminar will not be recorded.
The meeting is set up so that you will join muted and without video. The presenter will start at 3pm and share their screen to show the presentation. There will be time at the end for a Q&A session. Please use the ‘raise your hand’ function and the presenter will unmute you. A video on how to do this is here.
The role of intergenerational transfers of wealth via inheritance and gifts inter vivos in the accumulation of household wealth and the generation of wealth inequality has been hotly debated, mainly with respect to the top of the distribution. This paper focuses instead on low-income households, assessing the role that transfers have played in influencing their current level of net wealth. This is done using microdata from the HFCS for Eurozone countries, together with the UK’s Wealth and Assets Survey and the US Survey of Consumer Finances. This comparative analysis sheds important new light on commonalities versus differences across rich countries in the extent, nature and impact of intergenerational transfers for low-income households, and provides a basis for discussion of policy options including a universal wealth endowment.