3 ms·
>I would be interested to see death included in the model, as that is an important and common way that pools of wealth get redistributed over the long term in a
by maroonblazer 7y ago
>I would be interested to see death included in the model, as that is an important and common way that pools of wealth get redistributed over the long term in an economy.
Only in the narrowest sense of 'redistributed' though, right? I.e. upon death wealth typically transfers to kin, modulo whatever estate taxes apply for a given country.
- snowwrestler 7y agoYeah, I mean just the basic inheritance tree—if there are 2 kids then each gets half, and if each of them has kids then it gets further subdivided, plus some heirs will spend down or lose money and have less to pass down...
- xyzzyz 7y agoEach gets half, but typically their spouse also gets their half from their parents.