Simon H. Boserup and Claus T. Kreiner publish article in the Economic Journal
The new research analyses wealth records for the Danish population observed over three decades to address a series of questions: how much wealth inequality is there in childhood? How did it arise? And, perhaps most importantly, how much does it matter for wealth inequality in adulthood?
It turns out that even some infants have assets in their name, and by the time they reach adulthood, nearly all Danish children own some assets. The average wealth level at the age of 18 is modest, but the average wealth of the top 1% and the top 0.1% groups is respectively five and 20 times the country’s average disposable income.