G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14020
DP14020 Hidden Wealth
Neil Cummins
发表日期2019-09-24
出版年2019
语种英语
摘要Using individual level records of all wealth-at-death in England, 1892-1992, together with new estimates of the wealth-specific rate-of-return on wealth, I estimate a plausible minimum level of the amount of inherited wealth that is hidden. Elites conceal around 20% of their inheritance. Among dynasties, this hidden wealth, independent of declared wealth, predicts appearance in the Offshore Leaks Database of 2013-6, house values in 1999, and Oxbridge attendance, 1990-2016. Accounting for hidden wealth eliminates at least 40% of the observed decline of the top 10% wealth-share over the past century. I find 8,549 dynasties that are hiding £7.7 Billion.
主题Economic History ; Public Economics
关键词Hidden wealth Inequality Economic history Big data Tax evasion
URLhttps://cepr.org/publications/dp14020-0
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542904
推荐引用方式
GB/T 7714
Neil Cummins. DP14020 Hidden Wealth. 2019.
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