Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303250 
Year of Publication: 
2024
Series/Report no.: 
ISER Discussion Paper No. 1256
Publisher: 
Osaka University, Institute of Social and Economic Research (ISER), Osaka
Abstract: 
In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research of Osaka University in these 4 countries since 2003, in order to shed light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth disparities from generation to generation in all 4 countries although the magnitude of these effects varies considerably from country to country. Moreover, the evidence I present sheds considerable light on possible reasons for the substantial differences in household wealth disparities among the 4 countries.
Subjects: 
bequests
estates
household wealth
inheritances
inter vivos transfers
intergenerational mobility
intergenerational transfers
wealth disparities
wealth distribution
wealth inequality
China
India
Japan
United States
JEL: 
D12
D31
D64
E21
E24
J16
Document Type: 
Working Paper

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