Chapter
Equitable Land Distribution and Intergenerational Wealth Transfer
06:53 - 12:49 (05:55)
The distribution of land through the confiscation of Native American land is not equitable, but the value of land and how it is used can affect intergenerational wealth transfer. Research examines how some families use land to accumulate and transfer wealth to future generations.
Clips
The Homestead Act allowed people to participate in a land lottery and win land, resulting in nearly 100% participation.
06:53 - 08:09 (01:16)
Summary
The Homestead Act allowed people to participate in a land lottery and win land, resulting in nearly 100% participation. However, less than 20% of participants ended up winning and the value of the land depended on its location and the individual's ability to use it for productivity.
ChapterEquitable Land Distribution and Intergenerational Wealth Transfer
Episode139. Would a Big Bucket of Cash Really Change Your Life?
PodcastFreakonomics Radio
The podcast discusses the estimated value of 160-acre land parcels won in northwest Georgia in the 1850s, which was approximately equal to the median level of wealth at that time.
08:09 - 09:05 (00:55)
Summary
The podcast discusses the estimated value of 160-acre land parcels won in northwest Georgia in the 1850s, which was approximately equal to the median level of wealth at that time. It is challenging to convert that amount to present-day currency due to significant price variations.
ChapterEquitable Land Distribution and Intergenerational Wealth Transfer
Episode139. Would a Big Bucket of Cash Really Change Your Life?
PodcastFreakonomics Radio
The Cherokee Land Lottery is a perfect tool for understanding how people use wealth differently to achieve better outcomes for themselves and their descendants, and it sheds light on the inequality of wealth distribution in the US.
09:05 - 12:49 (03:44)
Summary
The Cherokee Land Lottery is a perfect tool for understanding how people use wealth differently to achieve better outcomes for themselves and their descendants, and it sheds light on the inequality of wealth distribution in the US.