Wealth Creators or Inheritors? Unpacking the Gender Wealth Gap from Bottom to Top and Young to Old

Charlotte Bartels, Eva Sierminska and Carsten Schröder

No 17324, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: There is growing interest in understanding how gender influences the accumulation of wealth. While prior studies focused on labor-related determinants, our research focuses on inheritances and gifts. Using unique survey data that oversamples the top 1% of wealth holders in Germany, we show that the gender wealth gap is small for individuals up to age 40, then widens, and declines for those past retirement age. Transfer amounts and their timing are important drivers of these differences: men tend to inherit larger sums than women during their working life. Women often outlive their male partners, thus receiving larger inheritances at older ages.

Keywords: gender economics; inheritances; gender wealth gap; wealth inequality; wealth accumulation (search for similar items in EconPapers)
JEL-codes: D31 D63 J16 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2024-09
New Economics Papers: this item is included in nep-age, nep-gen and nep-lab
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Published - published in: Economics Letters, 2025, 246, 111997

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Working Paper: Wealth Creators or Inheritors? Unpacking the Gender Wealth Gap from Bottom to Top and Young to Old (2024)
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