Stakeholding and Inheritances

Edward N. Wolff

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This chapter considers behavioral responses to Stakeholding. The actual effect of Stakeholder Grants on overall wealth inequality depends on (1) what proportion of the stakes is actually saved and (2) how gifts and bequests change in response to Stakeholding. It is likely that Stakeholder Grants partly crowd out private transfers and that a substantial portion of them is spent (rather than saved). If these effects are greater for the less than the more wealthy, the equalizing effects of Stakeholding will be reduced, and if these factors are strong enough, they could conceivably reverse the effects of Stakeholding and increase wealth inequality.

    Original languageEnglish (US)
    Pages (from-to)119-126
    Number of pages8
    JournalPolitics and Society
    Volume32
    Issue number1
    DOIs
    StatePublished - Mar 2004

    Keywords

    • Distribution
    • Inheritances
    • Stakeholding
    • Taxation
    • Wealth

    ASJC Scopus subject areas

    • Sociology and Political Science
    • Social Sciences (miscellaneous)
    • Political Science and International Relations

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