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

Principal Investigator(s): View help for Principal Investigator(s) N. Meltem Daysal, University of Copenhagen; Michael F. Lovenheim, Cornell University; David N. Wasser, Cornell University

Version: View help for Version V1

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README.md	text/x-web-markdown	8.3 KB	02/08/2022 01:35:PM
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Project Citation:

Daysal, N. Meltem, Lovenheim, Michael F., and Wasser, David N. Data and Code for: The Correlation of Net and Gross Wealth across Generations: The Role of Parent Income and Child Age . Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-01-08. https://doi.org/10.3886/E161861V1

Project Description

Summary: 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.

Scope of Project

Subject Terms: Intergenerational wealth transmission; Housing wealth

JEL Classification:
      I20 Education and Research Institutions: General
      J62 Job, Occupational, and Intergenerational Mobility; Promotion
      R31 Housing Supply and Markets

Geographic Coverage: Denmark

Time Period(s): 1985 – 2018

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Published Versions

V1 [2024-01-08]

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