연구보고서World Bank Policy Research Working Paper 7739
Inherited wealth and demographic aging
- 청구기호
- WPS 7739
- 발행사항
- Washington, D.C. : World Bank, 2016
- 형태사항
- 20 p. :. PDF file ;. 1,538 KB
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이용 가능 (1)
- 등록번호
- E0002243
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. It shows that, in the absence of retirement annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced economies. Shrinking retirement annuities, however, could offset and potentially reverse these effects. The paper also shows that aging could increase the size of individual bequests vis-à-vis real wages. However, these bequests will be more unequally distributed if aging is driven by a drop in fertility. In comparison, the effect of increasing longevity on their distribution in non-monotonic.