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Abstract:

DARP Paper
Inheritance and the Distribution of Wealth
Frank A Cowell
May 1998
Paper No' DARP 034:
Full Paper (pdf)

Tags: inheritance; wealth; pareto distribution

The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and population parameters such as the distribution of families by size, marriage patterns, tax mechanisms and savings behaviour within a simple model of inheritance.