The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age

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The Correlation of Net and Gross Wealth across Generations : The Role of Parent Income and Child Age. / Daysal, N. Meltem; Lovenheim, Michael; Wasser, David N.

I: AEA Papers and Proceedings, Bind 112, 05.2022, s. 73-77.

Publikation: Bidrag til tidsskriftTidsskriftartikel

Harvard

Daysal, NM, Lovenheim, M & Wasser, DN 2022, 'The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age', AEA Papers and Proceedings, bind 112, s. 73-77. https://doi.org/10.1257/pandp.20221058

APA

Daysal, N. M., Lovenheim, M., & Wasser, D. N. (2022). The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age. AEA Papers and Proceedings, 112, 73-77. https://doi.org/10.1257/pandp.20221058

Vancouver

Daysal NM, Lovenheim M, Wasser DN. The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age. AEA Papers and Proceedings. 2022 maj;112:73-77. https://doi.org/10.1257/pandp.20221058

Author

Daysal, N. Meltem ; Lovenheim, Michael ; Wasser, David N. / The Correlation of Net and Gross Wealth across Generations : The Role of Parent Income and Child Age. I: AEA Papers and Proceedings. 2022 ; Bind 112. s. 73-77.

Bibtex

@article{868fd339339d46d89df4b5d8b5156c5a,
title = "The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age",
abstract = "We use Danish register data to examine intergenerational rank-rank correlations in net wealth and gross housing wealth by child age and parental income. Our results indicate that gross housing wealth correlations are more stable by child age than are net wealth correlations, which we argue is due to a downward bias in net wealth correlations from transitory debt. Intergenerational housing wealth correlations also are larger for lower-income families, while net wealth correlations do not vary much across the income distribution. Finally, we show that intergenerational net wealth and gross housing wealth correlations move in opposite directions across the income distribution.",
author = "Daysal, {N. Meltem} and Michael Lovenheim and Wasser, {David N.}",
year = "2022",
month = may,
doi = "10.1257/pandp.20221058",
language = "English",
volume = "112",
pages = "73--77",
journal = "AEA Papers and Proceedings",
issn = "2574-0768",
publisher = "American Economic Association",

}

RIS

TY - JOUR

T1 - The Correlation of Net and Gross Wealth across Generations

T2 - The Role of Parent Income and Child Age

AU - Daysal, N. Meltem

AU - Lovenheim, Michael

AU - Wasser, David N.

PY - 2022/5

Y1 - 2022/5

N2 - We use Danish register data to examine intergenerational rank-rank correlations in net wealth and gross housing wealth by child age and parental income. Our results indicate that gross housing wealth correlations are more stable by child age than are net wealth correlations, which we argue is due to a downward bias in net wealth correlations from transitory debt. Intergenerational housing wealth correlations also are larger for lower-income families, while net wealth correlations do not vary much across the income distribution. Finally, we show that intergenerational net wealth and gross housing wealth correlations move in opposite directions across the income distribution.

AB - We use Danish register data to examine intergenerational rank-rank correlations in net wealth and gross housing wealth by child age and parental income. Our results indicate that gross housing wealth correlations are more stable by child age than are net wealth correlations, which we argue is due to a downward bias in net wealth correlations from transitory debt. Intergenerational housing wealth correlations also are larger for lower-income families, while net wealth correlations do not vary much across the income distribution. Finally, we show that intergenerational net wealth and gross housing wealth correlations move in opposite directions across the income distribution.

U2 - 10.1257/pandp.20221058

DO - 10.1257/pandp.20221058

M3 - Journal article

VL - 112

SP - 73

EP - 77

JO - AEA Papers and Proceedings

JF - AEA Papers and Proceedings

SN - 2574-0768

ER -

ID: 315852091