Details

Autor(en) / Beteiligte

• Bø, Erlend E
• Halvorsen, Elin
• Thoresen, Thor O

Titel

Heterogeneity of the Carnegie Effect

Ist Teil von

• The Journal of human resources, 2019-07, Vol.54 (3), p.726-759

Ort / Verlag

Madison: University of Wisconsin Press

Erscheinungsjahr

2019

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• The Carnegie effect is the harm inherited wealth does to a recipient's work effort. Carnegie effect estimates are few, reflecting that such effects are hard to trace. Most previous studies rely on data from limited-size surveys. We use information from administrative data covering the entire Norwegian population, enabling an examination of the heterogeneity of the Carnegie effect. Estimation results show significant reductions in labor supply for recipients of large inheritances. We find that Carnegie effects differ according to transfer size, the recipient's age and eligibility for other transfer programs, and the existence of new heirs in the family chain.