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  • We estimate the distribution of wealth in Italy between 1995 and 2016 using a novel source of inheritance tax files, combined with surveys and national accounts. We find that the level of wealth concentration is in line with other European countries; however, its time trend appears more in line with the US, showing a significant increase over the period studied. The country exhibits one of the greatest declines in the wealth share of the bottom 50%. The paper also shows that age plays a marginal role in explaining wealth concentration. Changes in savings, instead, are the predominant force behind the increase in wealth inequality, even at the top. Equity prices also account for a large share of wealth growth above the 99th percentile, whereas changes in house prices play only a minor role. Finally, we document the growing concentration of life-time wealth transfers, and their increasingly favorable tax treatment. (xsd:string)
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  • EU-SILC-Bibliography (xsd:string)
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  • 2024 (xsd:gyear)
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  • 2024 (xsd:gyear)
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  • 10.1093/jeea/jvae002 ()
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  • 1228–1274 (xsd:string)
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  • english (xsd:string)
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  • 3 (xsd:string)
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  • The concentration of personal wealth in Italy 1995–2016 (xsd:string)
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  • article (xsd:string)
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  • Bibsonomy (xsd:string)
  • In Journal of the European Economic Association, 22(3), 1228–1274, 2024 (xsd:string)
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  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
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  • 2024 (xsd:string)
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  • 1228–1274 (xsd:string)
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  • 22 (xsd:string)