Bridging the wealth gap: Simulating universal inheritance in four EU countries

The idea of a Universal Inheritance (UI) has been recently gaining weight amongst scholars concerned over increasing wealth inequality. A UI consists of a one-off public payment of an agreed sum to each citizen of young adulthood. In this article, we provide the results of novel simulations to asses...

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Autores: Vidal, Guillem, Thiemann, Andreas, Salazar, Leire, Noguera, José Antonio
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2025
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/401898
Acceso en línea:http://hdl.handle.net/10261/401898
Access Level:acceso abierto
Palabra clave:Universal inheritance
Wealth
Inequality
Simulation
Redistribution
Economic policy
Europe
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spelling Bridging the wealth gap: Simulating universal inheritance in four EU countriesVidal, GuillemThiemann, AndreasSalazar, LeireNoguera, José AntonioUniversal inheritanceWealthInequalitySimulationRedistributionEconomic policyEuropeThe idea of a Universal Inheritance (UI) has been recently gaining weight amongst scholars concerned over increasing wealth inequality. A UI consists of a one-off public payment of an agreed sum to each citizen of young adulthood. In this article, we provide the results of novel simulations to assess the cost and the distributive impact of such policy by testing different parameters for both the benefit amount and its financing. The simulations run on a top-tail adjusted version of the Household Financial Consumption Survey covering four countries: Finland, Germany, Ireland, and Italy. We find that, under some parameters, a UI would significantly reduce inequality and could be realistically financed by taxing the top 1%.This work was supported by the Ministerio de Ciencia e Innovacion; PID2019-104801RB-I00 and PID2023-150921OB-I00, Joint Research Centre; DIGCLASS projectPeer reviewedSage PublicationsAgencia Estatal de Investigación (España)Ministerio de Ciencia e Innovación (España)Vidal, Guillem [0000-0002-3407-4230]Salazar, Leire [0000-0001-5948-0115]Noguera, José Antonio [0000-0003-0263-8908]Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]202520252025info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Postprintinfo:eu-repo/semantics/acceptedVersionhttp://hdl.handle.net/10261/401898reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Inglés#PLACEHOLDER_PARENT_METADATA_VALUE##PLACEHOLDER_PARENT_METADATA_VALUE#info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104801RB-I00info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/PID2023-150921OB-I00https://doi.org/10.1177/09589287241311147Síinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/4018982026-05-22T06:33:51Z
dc.title.none.fl_str_mv Bridging the wealth gap: Simulating universal inheritance in four EU countries
title Bridging the wealth gap: Simulating universal inheritance in four EU countries
spellingShingle Bridging the wealth gap: Simulating universal inheritance in four EU countries
Vidal, Guillem
Universal inheritance
Wealth
Inequality
Simulation
Redistribution
Economic policy
Europe
title_short Bridging the wealth gap: Simulating universal inheritance in four EU countries
title_full Bridging the wealth gap: Simulating universal inheritance in four EU countries
title_fullStr Bridging the wealth gap: Simulating universal inheritance in four EU countries
title_full_unstemmed Bridging the wealth gap: Simulating universal inheritance in four EU countries
title_sort Bridging the wealth gap: Simulating universal inheritance in four EU countries
dc.creator.none.fl_str_mv Vidal, Guillem
Thiemann, Andreas
Salazar, Leire
Noguera, José Antonio
author Vidal, Guillem
author_facet Vidal, Guillem
Thiemann, Andreas
Salazar, Leire
Noguera, José Antonio
author_role author
author2 Thiemann, Andreas
Salazar, Leire
Noguera, José Antonio
author2_role author
author
author
dc.contributor.none.fl_str_mv Agencia Estatal de Investigación (España)
Ministerio de Ciencia e Innovación (España)
Vidal, Guillem [0000-0002-3407-4230]
Salazar, Leire [0000-0001-5948-0115]
Noguera, José Antonio [0000-0003-0263-8908]
Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Universal inheritance
Wealth
Inequality
Simulation
Redistribution
Economic policy
Europe
topic Universal inheritance
Wealth
Inequality
Simulation
Redistribution
Economic policy
Europe
description The idea of a Universal Inheritance (UI) has been recently gaining weight amongst scholars concerned over increasing wealth inequality. A UI consists of a one-off public payment of an agreed sum to each citizen of young adulthood. In this article, we provide the results of novel simulations to assess the cost and the distributive impact of such policy by testing different parameters for both the benefit amount and its financing. The simulations run on a top-tail adjusted version of the Household Financial Consumption Survey covering four countries: Finland, Germany, Ireland, and Italy. We find that, under some parameters, a UI would significantly reduce inequality and could be realistically financed by taxing the top 1%.
publishDate 2025
dc.date.none.fl_str_mv 2025
2025
2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Postprint
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/401898
url http://hdl.handle.net/10261/401898
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
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info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104801RB-I00
info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/PID2023-150921OB-I00
https://doi.org/10.1177/09589287241311147
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Sage Publications
publisher.none.fl_str_mv Sage Publications
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
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