No entries in Inheritance Trends match this search.
Wealth and Inheritance in 21st-Century Switzerland. Brülhart; Fuster; Martínez; and Moseka. 2026.
@article{Brulhart2026,
title = {Wealth and Inheritance in 21st-Century Switzerland},
author = {Brülhart and Fuster and Martínez and Moseka},
year = {2026},
url = {https://people.unil.ch/mariusbrulhart/files/2026/03/e4s-white-paper-wealth-and-inheritance-eng-full-final2-002.pdf},
keywords = {Data Sources: Inheritance Trends}
}TBD. Guzzardi, Demetrio; and Morelli, Salvatore. 2026.
@unpublished{Guzzardi2026,
title = {TBD},
author = {Guzzardi, Demetrio and Morelli, Salvatore},
year = {2026},
url = {https://sites.google.com/view/demetrioguzzardi/research},
keywords = {Data Sources: Inheritance Trends}
}Belgian wealth inequality, 1935-2022. Apostel, Arthur. NBB Working Paper. 2025.
@techreport{Apostel2025,
title = {Belgian wealth inequality, 1935-2022},
author = {Apostel, Arthur},
year = {2025},
institution = {NBB Working Paper},
url = {https://www.econstor.eu/handle/10419/322377},
keywords = {Data Sources: Inheritance Trends}
}Wealth, Inheritance, and Concentration: Italy and Its Regions From the Unification to the Great War. Gabbuti, Giacomo; and Morelli, Salvatore. Review of Income and Wealth, 71(3): e70023. 2025.
@article{Gabbuti2025,
title = {Wealth, Inheritance, and Concentration: Italy and Its Regions From the Unification to the Great War},
author = {Gabbuti, Giacomo and Morelli, Salvatore},
year = {2025},
journal = {Review of Income and Wealth},
volume = {71},
number = {3},
pages = {e70023},
publisher = {Wiley Online Library},
url = {https://onlinelibrary.wiley.com/doi/10.1111/roiw.70023},
abstract = {In the economic history of post-unification Italy, the question of wealth has been largely neglected. We fill this gap with a new set of estimates of wealth concentration from 1863 to 1914, using national inheritance tax tabulations, combined with existing micro-data for the cities of Milan and Naples. While the level of our estimates for this period is among the highest ever recorded for Italy, we find no trend, nor the classic North–South divide. The wealth of present-day billionaires—derived using a novel long-run “rich list” as a multiple of GDP per capita—is higher than that of the past. Private wealth and bequest flow as a share of national income follow a U-turn dynamic, with historical and present levels aligned. Overall, the paper lays the basis for a long-run view of wealth in modern Italy and reconsiders the impact of its industrialization at the end of the Liberal period.},
keywords = {Data Sources: Inheritance Trends}
}In the economic history of post-unification Italy, the question of wealth has been largely neglected. We fill this gap with a new set of estimates of wealth concentration from 1863 to 1914, using national inheritance tax tabulations, combined with existing micro-data for the cities of Milan and Naples. While the level of our estimates for this period is among the highest ever recorded for Italy, we find no trend, nor the classic North–South divide. The wealth of present-day billionaires—derived using a novel long-run “rich list” as a multiple of GDP per capita—is higher than that of the past. Private wealth and bequest flow as a share of national income follow a U-turn dynamic, with historical and present levels aligned. Overall, the paper lays the basis for a long-run view of wealth in modern Italy and reconsiders the impact of its industrialization at the end of the Liberal period.
Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995–2016. Acciari, Paolo; and Morelli, Salvatore. National Bureau of Economic Research, pp. w27899. October 2022.
@incollection{Acciari2021,
title = {Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995–2016},
author = {Acciari, Paolo and Morelli, Salvatore},
year = {2022},
month = {oct},
number = {w27899},
pages = {w27899},
institution = {National Bureau of Economic Research},
doi = {10.7208/chicago/9780226816043-009},
url = {http://www.nber.org/papers/w27899.pdf},
keywords = {Data Sources: Inheritance Trends}
}Wealth and inheritance in Britain from 1896 to the present. Atkinson, Anthony B. The Journal of Economic Inequality, 16(2): 137–169. June 2018.
@article{Atkinson2012,
title = {Wealth and inheritance in Britain from 1896 to the present},
author = {Atkinson, Anthony B.},
year = {2018},
month = {june},
journal = {The Journal of Economic Inequality},
volume = {16},
number = {2},
pages = {137–169},
doi = {10.1007/s10888-018-9382-1},
url = {http://piketty.pse.ens.fr/files/Atkinson2012.pdf},
keywords = {Data Sources: Inheritance Trends}
}Inheritance flows in Switzerland, 1911–2011. Brülhart, Marius; Dupertuis, Didier; and Moreau, Elodie. Swiss Journal of Economics and Statistics, 154(1): 8. December 2018.
@article{Brulhart2018,
title = {Inheritance flows in Switzerland, 1911–2011},
author = {Brülhart, Marius and Dupertuis, Didier and Moreau, Elodie},
year = {2018},
month = {dec},
journal = {Swiss Journal of Economics and Statistics},
volume = {154},
number = {1},
pages = {8},
doi = {10.1186/s41937-017-0012-9},
url = {http://piketty.pse.ens.fr/files/Brulhartetal2016.pdf},
keywords = {Data Sources: Inheritance Trends}
}On the share of inheritance in aggregate wealth: Europe and the USA, 1900–2010. Alvaredo, Facundo; Garbinti, Bertrand; and Piketty, Thomas. Economica, 84(334): 239–260. 2017.
@article{Alvaredo2017,
title = {On the share of inheritance in aggregate wealth: Europe and the USA, 1900--2010},
author = {Alvaredo, Facundo and Garbinti, Bertrand and Piketty, Thomas},
year = {2017},
journal = {Economica},
volume = {84},
number = {334},
pages = {239--260},
publisher = {Wiley Online Library},
url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/ecca.12233},
keywords = {Data Sources: Inheritance Trends}
}On the long-run evolution of inheritance: France 1820–2050. Piketty, Thomas. The quarterly journal of economics, 126(3): 1071–1131. 2011.
@article{Piketty2011,
title = {On the long-run evolution of inheritance: France 1820--2050},
author = {Piketty, Thomas},
year = {2011},
journal = {The quarterly journal of economics},
volume = {126},
number = {3},
pages = {1071--1131},
publisher = {MIT Press},
doi = {10.1093/qje/qjr020},
url = {https://academic.oup.com/qje/article-abstract/126/3/1071/1853329},
abstract = {This article attempts to document and account for the long-run evolution of inheritance. We find that in a country like France the annual flow of inheritance was about 20--25\% of national income between 1820 and 1910, down to less than 5\% in 1950, and back up to about 15\% by 2010. A simple theoretical model of wealth accumulation, growth, and inheritance can fully account for the observed U-shaped pattern and levels. Using this model, we find that under plausible assumptions the annual bequest flow might reach about 20--25\% of national income by 2050. This corresponds to a capitalized bequest share in total wealth accumulation well above 100\%. Our findings illustrate the fact that when the growth rate g is small, and when the rate of return to private wealth r is permanently and substantially larger than the growth rate (say, r = 4--5\% versus g = 1--2\%), which was the case in the nineteenth century and early twentieth century and is likely to happen again in the twenty-first century, then past wealth and inheritance are bound to play a key role for aggregate wealth accumulation and the structure of lifetime inequality. Contrary to a widespread view, modern economic growth did not kill inheritance.},
keywords = {Data Sources: Inheritance Trends,Determinants of Wealth and Wealth Inequality,Intergenerational Wealth,Trends in Aggregate Wealth and Wealth Inequality},
isbn = {00335533},
url_2 = {https://doi.org/10.1093/qje/qjr020}
}This article attempts to document and account for the long-run evolution of inheritance. We find that in a country like France the annual flow of inheritance was about 20–25% of national income between 1820 and 1910, down to less than 5% in 1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth, and inheritance can fully account for the observed U-shaped pattern and levels. Using this model, we find that under plausible assumptions the annual bequest flow might reach about 20–25% of national income by 2050. This corresponds to a capitalized bequest share in total wealth accumulation well above 100%. Our findings illustrate the fact that when the growth rate g is small, and when the rate of return to private wealth r is permanently and substantially larger than the growth rate (say, r = 4–5% versus g = 1–2%), which was the case in the nineteenth century and early twentieth century and is likely to happen again in the twenty-first century, then past wealth and inheritance are bound to play a key role for aggregate wealth accumulation and the structure of lifetime inequality. Contrary to a widespread view, modern economic growth did not kill inheritance.