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Inheritance And Wealth In America

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Inheritance And Wealth In America

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Author : Robert K. Miller Jr.
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-11

Inheritance And Wealth In America written by Robert K. Miller Jr. and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-11 with Social Science categories.

Inheritance and Wealth in America is a superb collection of original essays, written in nontechnical language by experts in sociology, economics, anthropology, history, law, and other disciplines. Notable chapters provide - an outstanding interpretative history of inheritance in American legal thought - a critical review of the literature on the economics of inheritance at the household and societal levels - a superb history of Federal taxation of wealth transfers, and - a sociological examination of inheritance and its role in class reproduction and stratification. This groundbreaking work is of value to any researcher dealing with the transmission of wealth and privilege across generations.

Inheritance And Wealth In America

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Author : Robert K. Miller Jr.
language : en
Publisher: Springer Science & Business Media
Release Date : 1997-11-30

Inheriting Wealth In America

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Author : Edward N. Wolff
language : en
Publisher: Oxford University Press
Release Date : 2015-01-27

Inheriting Wealth In America written by Edward N. Wolff and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-27 with Business & Economics categories.

Inheritances are often regarded as a societal "evil," enabling great fortunes to be passed from one generation to another, thus exacerbating wealth inequality and reducing wealth mobility. Discussions of inheritances in America bring to mind the Vanderbilts, Rockefellers, and "trust fund babies"---people who receive enough money through inheritances or gifts that they do not have any need to work during their lifetime. Though these are, of course, extreme outliers, inheritances in America have a reputation for being a way the rich keep getting richer. In Inheriting Wealth in America, Edward Wolff seeks to counter these misconceptions with data and arguments that illuminate who inherits what in the United States and what results from these wealth transfers. Using data from the Survey of Consumer Finances---a triennial survey conducted by the Federal Reserve Board that contains detailed information on household wealth, inheritances, and gifts---as well as the Panel Study of Income Dynamics and a simulation model over years 1989 to 2010, Wolff reports six major findings on the state of inheritances in America. First, wealth transfers (inheritances and gifts) accounted for less than one quarter of household wealth. However, for persons age 75 and over, the figure was about two-fifths since they have more time to receive wealth transfers. Indirect evidence, derived from the simulation model, indicates a figure closer to two-thirds at end of life - probably the best estimate. Second, despite prognostications of a coming "inheritance boom," it has not materialized yet. Only a small (and statistically insignificant) uptick in average wealth transfers was observed over the period, and wealth transfers were actually down as a share of household wealth. Third, while wealth transfers are greater in dollar amount for richer households than poorer ones, they constitute a smaller share of the accumulated wealth of the rich. Fourth, contrary to popular belief, inheritances and gifts, on net, reduce wealth inequality rather than raising it. The rationale is that inheritances and particularly gifts typically flow from richer to poorer persons, thus lowering wealth inequality. Fifth, despite a rapid rise in income inequality, the inequality of wealth transfers shows no discernible time trend from 1989 to 2010, neither upward nor downward. Sixth, among the very wealthy, the share of wealth accounted for by wealth transfers is surprisingly low, only about a sixth, and this share has trended significantly downward over time. It is true that inheritances and gifts are unequal, with only one fifth of families receiving wealth transfers and these transfers benefitting the rich far more than the middle class and the poor. That, however, is not the whole picture of inheritances in America. Clearly-written and illuminating, this books expertly distills an abundance of data on inheritances into important takeaways for all who wonder about the current state of inheritances and gifts in the United States.

The Inheritance Of Wealth

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Author : Daniel Halliday
language : en
Publisher: Oxford University Press
Release Date : 2018

The Inheritance Of Wealth written by Daniel Halliday and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Business & Economics categories.

Daniel Halliday examines the morality of the right to bequeath or transfer wealth, and argues that inheritance is unjust to the extent that it enhances the intergenerational replication of inequality, concentrating opportunities in certain groups. He presents an egalitarian case for imposition of a significant inheritance tax.

Inherited Wealth

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Author : Jens Beckert
language : en
Publisher: Princeton University Press
Release Date : 2018-06-05

Inherited Wealth written by Jens Beckert and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-05 with Social Science categories.

How to regulate the transfer of wealth from one generation to the next has been hotly debated among politicians, legal scholars, sociologists, economists, and philosophers for centuries. Bequeathing wealth is a vital ingredient of family solidarity. But does the reproduction of social inequality through inheritance square with the principle of equal opportunity? Does democracy suffer when family wealth becomes political power? The first in-depth, comparative study of the development of inheritance law in the United States, France, and Germany, Inherited Wealth investigates longstanding political and intellectual debates over inheritance laws and explains why these laws still differ so greatly among these countries. Using a sociological perspective, Jens Beckert sheds light on the four most controversial issues in inheritance law during the past two centuries: the freedom to dispose of one's property as one wishes, the rights of family members to the wealth bequeathed, the dissolution of entails (which restrict inheritance to specific classes of heirs), and estate taxation. Beckert shows that while the United States, France, and Germany have all long defended inheritance rights based on the notion of individual property rights, they have justified limitations on inheritance rights in profoundly different ways, reflecting culturally specific ways of understanding the problems of inherited wealth.

A Century Of Wealth In America

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Author : Edward N. Wolff
language : en
Publisher: Harvard University Press
Release Date : 2017-10-16

A Century Of Wealth In America written by Edward N. Wolff and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-16 with Business & Economics categories.

Understanding wealth—who has it, how they acquired it, how they preserve it—is crucial to addressing challenges facing the United States. Edward Wolff’s account of patterns in the accumulation and distribution of U.S. wealth since 1900 provides a sober bedrock of facts and analysis. It will become an indispensable resource for future public debate.

Socialism In America

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Author : John Bowman
language : en
Publisher: iUniverse
Release Date : 2005

Socialism In America written by John Bowman and has been published by iUniverse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Political Science categories.

In 1835, Alexis de Tocqueville predicted a "...species of oppression...[with] which democratic nations are menaced...unlike anything which ever before existed in the world..." It was a despotism that "...would be more extensive and...would degrade men without tormenting them." It would be a force that "...compresses, enervates, extinguishes, and stupefies a people, till each...is reduced to be nothing better than a flock of timid...animals, of which the government is the shepherd." Tocqueville was predicting socialism in America, a new form of oppression that did not exist in his time. He could not name it at the time because the word socialism had not yet appeared in the English language and Karl Marx had not yet published his Communist Manifesto. America has become a socialist state and this book is about what socialism is doing to America today. Socialism is an oppression that has caused America to discard the rule of law, forsake justice, limit freedom, attenuate individuality, create dependence, degrade social norms, attack sources of wealth, and divide the culture. This form of despotic totalitarianism has irreversibly commenced the destruction of American culture and nation. Socialism in America offers the reader the perspective of and how and why this is happening. It explains the history of socialism, and in particular the history of socialism in America. It discusses the roles of socialism's foremost vectors, which are primarily the unions and Democratic Party. It critically dissects the philosophy of socialism itself and examines other countries' struggles to survive under the heavy socialist boot. Every freedom-loving American should read this book.

The Family In America

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Author : Joseph M. Hawes
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2002-05-22

The Family In America written by Joseph M. Hawes and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-05-22 with Family & Relationships categories.

An incisive, multidisciplinary look at the American family over the past 200 years, written by respected scholars and researchers. Family in America offers two powerful antidotes to popular misconceptions about American family life: historical perspective and scientific objectivity. When we look back at our early history, we discover that the idealized 1950s family—characterized by a rising birthrate, a stable divorce rate, and a declining age of marriage—was a historical aberration, out of line with long-term historical trends. Working mothers, we learn, are not a 20th century invention; most families throughout American history have needed more than one breadwinner. In the exciting new scholarship described here, readers will learn precisely what is new in American family life and what is not, and acquire the perspective they need to appreciate both the genuine improvements and the losses that come with change.

Reader S Guide To American History

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Author : Peter J. Parish
language : en
Publisher: Routledge
Release Date : 2013-06-17

Reader S Guide To American History written by Peter J. Parish and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with History categories.

There are so many books on so many aspects of the history of the United States, offering such a wide variety of interpretations, that students, teachers, scholars, and librarians often need help and advice on how to find what they want. The Reader's Guide to American History is designed to meet that need by adopting a new and constructive approach to the appreciation of this rich historiography. Each of the 600 entries on topics in political, social and economic history describes and evaluates some 6 to 12 books on the topic, providing guidance to the reader on everything from broad surveys and interpretive works to specialized monographs. The entries are devoted to events and individuals, as well as broader themes, and are written by a team of well over 200 contributors, all scholars of American history.

The Perennials

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Author : Mauro Guillen
language : en
Publisher: Heligo Books
Release Date : 2023-08-22

The Perennials written by Mauro Guillen and has been published by Heligo Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-22 with Social Science categories.

'Will open your mind to your own future and show you a new world of adventure.' - ARTHUR C. BROOKS For the first time in human history, eight defined generations live together side by side, from Alphas to the Greatest Generation by way of Boomers, Xennials, Millennials and more. However, these definitions have so often been used to pigeonhole us into rigid categories, all underpinned by the restrictive 'four stages of life' model - of play, study, work, retirement. This means that potential is left untapped on a societal level; also individuals are tied into a trajectory that minimises opportunity and fulfilment. In The Perennials, Mauro Guillén unpacks the megatrends - such as increasing longevity and the explosion of technology, among others - that are transforming life as we know it. How, within this milieu, a new group of 'perennials' must emerge: individuals who cannot be so easily defined by the pervasive metrics of age and experience or by simple inter-generational conflict. These post-generational perennials offer the promise of liberating us from the constraints of the accepted four stages of life model, therefore allowing everyone the chance of living a much more rewarding and fulfilling life. Guillén proceeds to unveil how this revolution will impact young people just entering the world of work, as well as those who are living and working longer. This multigenerational revolution is already happening and Mauro Guillén identifies how we can usher in a new era of innovation in almost every facet of life and work - powered by the perennials.

Inheritance And Wealth In America

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