41  See Steven J. Davis and John Haltiwanger (2014), “Labor Market Fluidity and Economic Performance (PDF),” paper prepared for “Re-Evaluating Labor Market Dynamics,” a symposium sponsored by the Federal Reserve Bank of Kansas City, held in Jackson Hole, Wyo., August 21–23.
BIS central bankers’ speeches  9  Inheritances Along with other economic advantages, it is likely that large inheritances play a role in the fairly limited intergenerational mobility that I described earlier. 42 But inheritances are also common among households below the top of the wealth distribution and sizable enough that I believe they may well play a role in helping these families economically.