Publication Type : Journal Article
Publisher : Journal of Development Economics
Source : Journal of Development Economics, vol. 30, pp. 301 - 324, 1989
Url : http://www.sciencedirect.com/science/article/pii/0304387889900060
Campus : Amritapuri
School : School of Economics
Center : Amrita Center for Economics & Governance (ACEG)
Department : Department of Economics
Year : 1989
Abstract : This study follows a wealth function approach to quantify the role of inheritance in wealth inequality in the region of Punjab, India, using household data from the National Sample Survey (25th round). The specification of the wealth-function is fairly general. It is used to test the hump-shaped pattern of wealth-age relationship and also to decompose the reported wealth holding of each sample household into ‘inherited’ and ‘accumulated’ components. It is found that inheritance accounts for 53.38 and 24.13 percent of wealth inequality in the rural and urban sectors respectively. Some policy implications of our results are stated.
Cite this Research Publication :
Dr. Satya Paul and Dasgupta, A. K., “Inheritance and wealth inequality: The case of the Punjab”, Journal of Development Economics, vol. 30, pp. 301 - 324, 1989