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Bibliographic Details
Authors and Corporations: König, Johannes (Author), Schluter, Christian (Author), Schröder, Carsten (Author)
Other Authors: Schluter, Christian 1969- [Author] • Schröder, Carsten 1972- [Author]
Type of Resource: E-Book
Language: English
published:
Series: Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 2066
Subjects:
top wealth
top income
intergenerational transfers
rich-group classification modelling
predictions
Graue Literatur
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: Who makes it to the top? We use the leading, socio-economic survey in Germany supplemented by extensive data on the rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a few traits matter: Entrepreneurship and self-employment in conjunction with a sizable inheritance of company assets is the most important covariate combination across all rich groups. Our data suggest that all top 1 percent groups, but especially the joint top 1 percent, are predominantly populated by intergenerational entrepreneurs.
Physical Description: 1 Online-Ressource (circa 87 Seiten); Illustrationen