publication . Other literature type . Preprint . 2017

The Long-Term Effects Of Inherited Wealth On Social Equality

Allen, James T.;
Open Access
  • Published: 04 Sep 2017
  • Publisher: Zenodo
Abstract
It is challenging to assess the long-term effects of policies related to the inheritance of wealth, due to the long timescales involved and the importance of family-level dynamics. However,agent-based models(ABMs)now provide a useful tool for simulating the effects of alternative policies, allowing a quantitative comparison to be made. In this paper we describe an ABM simulating the long-term(up to 150 years) development of the UK population in terms of births,deaths and the passage of wealth through the generations. The parameterisation of the model is driven by publicly available data on the demographics of the UK, primarily from the Office for National Statis...
Subjects
free text keywords: simulations, agent-based models, inheritance, simulations, agent-based models, inheritance
Download fromView all 3 versions
ZENODO
Preprint . 2017
Provider: ZENODO
Zenodo
Other literature type . 2017
Provider: Datacite
Zenodo
Other literature type . 2017
Provider: Datacite
Zenodo
Other literature type . 2017
Provider: Datacite

[1] Halpern, D., “The hidden wealth of nations”, 2010, Polity Press

[2] Royal London, “Will harassed 'baby boomers' rescue Generation Rent?”, 2017, Royal London Policy Paper 12

[3] Schelling, T. C., “Dynamic Models of Segregation”, 1971, Journal of Mathematical Sociology, 1, 143

[4] Baptista, R., et al., “Macroprudential policy in an agent-based model of the UK housing market”, 2016, Bank of England Staff Working Paper No. 619

[5] Buchanan, M., “Economics: Meltdown modelling”, 2009, Nature, 460, 680

[6] Census table DC1117EW, https://www.nomisweb.co.uk/census/2011/dc1117ew

[8] Census table LC5102EW, https://www.nomisweb.co.uk/census/2011/lc5102ew

[9] Census table LC5107EW, https://www.nomisweb.co.uk/census/2011/lc5107ew

[10] Office for National Statistics, “Marriage statistics, cohabitation and cohort analyses”

[11] Office for National Statistics, “Births by parents' characteristics”

[12] Office for National Statistics, “Divorces in England and Wales: Age at Marriage, Duration of Marriage and Cohort Analyses”

[13] Office for National Statistics, “Mortality Rates (qx), Principal Projection, United Kingdom”

[15] Blanden, J., “Intergenerational Mobility and Assortative Mating in the UK”, 2004, Centre for Economic Performance

[16] Office for National Statistics, “How do childhood circumstances affect poverty and deprivation as an adult?”, 2014

Any information missing or wrong?Report an Issue