Browsing Handelshøyskolen BI by Subject "wealth inequality"
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The housing channel of intergenerational wealth persistence
(HOFIMAR Working Paper Series;6/2024, Working paper, 2024-09)We use Norwegian micro data and a life-cycle model with housing to study how wealth transmits across generations through the housing market. A mediation analysis reveals large housing gaps based on parental wealth. A ... -
Social Interaction in the Family: Evidence from Investors’ Security Holdings
(Peer reviewed; Journal article, 2022)We show that investors tend to hold the same securities as their parents. This intergenerational correlation is stronger for mothers and family members who are more likely to communicate with each other. An instrumental ...