The Role of Inheritance on Wealth Inequality: A Machine Learning Approach
by Pedro Salas Rojo (Complutense University of Madrid, Instituto Complutense de Análisis Económico (ICAE) ), and Juan Gabriel Rodríguez (Complutense University of Madrid, Economics of Inequality and Poverty Analysis (EQUALITAS) )
There is a general academic consensus that wealth inequality is on the rise. Pedro Salas Rojo and Juan Gabriel Rodríguez seek to clarify the role of inheritances in shaping wealth distribution. In order to provide more empirical evidence on the actual role of inheritance in wealth distribution, the authors take a new approach approach; they analyze how the bequests received affect the opportunities people have for accumulating wealth. By using Machine Learning techniques the authors
Full article is available here.