Excerpt

Generations of Advantage: Multigenerational Correlations in Family Wealth. Alexandra Killewald, June 2017, Paper, "Inequality in family wealth is high, yet we know little about how much and how wealth inequality is maintained across generations. We argue that a long-term, life-course perspective reflective of wealth’s cumulative nature is crucial to understand the extent and channels of wealth reproduction across generations. Using data from the Panel Study of Income Dynamics that span nearly half a century, we show that a one decile increase in parental wealth position is associated with an increase of about 4 percentiles in offspring wealth position in adulthood." Link