Salvatore Morelli: The Influence of Intergenerational Transfers on Wealth Inequality in Rich Countries: Size Matters (online)

13 February 2023 | 13:00 — 14:00

FBK-IRVAPP is pleased to invite you to the following seminar: The Influence of Intergenerational Transfers on Wealth Inequality in Rich Countries: Size Matters.

 

With the participation of Salvatore Morelli, Università di Roma Tre. Joint work with Brian Nolan, Juan C. Palomino, and Philippe Van Kerm.

 

The seminar is held in English.

Abstract 

Using survey microdata for the USA, France, Germany, Italy, Spain, and Great Britain, the paper applies influence function regression to estimate the impact on wealth inequality of a ceteris paribus marginal increase in the proportion of recipients of wealth transfers of differing sizes. The results show that whereas more transfer recipients would be expected to reduce wealth inequality on average, an increase in recipients of large transfers would increase overall wealth inequality, as those recipients are concentrated around the top of the wealth distribution. The identified threshold above which transfers become disequalizing can be informative for the design of capital receipts taxes.

 

Guest Speakers

  • Guest Speaker
    Salvatore Morelli is associate professor at the University of Roma Tre (Department of Law) and senior fellow at the Stone Center on Socio-Economic Inequality at the Graduate Center of the City University of New York (CUNY). He is also a research associate at the Centro Studi per L'Economia e la Finanza (CSEF) at the University Federico II of Naples and a member of the coordination of the Inequality and Diversity Forum. His research currently focuses on methodologies for estimating personal wealth concentration, the role of intergenerational wealth transfers and their taxation.

Registration

Registration to this event is mandatory.

Registration closed on 13/02/2023.

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