{"id":"GSX:POP-008:C02","local_id":"C02","claim":"Under equal returns, no tax, no consumption, and free borrowing, the same family wealth results wherever the capital sits. Timing still changes what a young adult can do, because a transfer at 35 or 40 can meet a deposit, debt, education, or career constraint that a transfer at 70 or 85 arrives too late to change.","claim_type":"conditional","status":"conditional","evidence_status":"modelled","confidence":null,"depends_on":["GSX:POP-008:A01","GSX:POP-008:A03"],"result":"GSX:POP-008:R01","results":["GSX:POP-008:R01"],"sensitivity":"moderate","main_limitation":"The second statement is the manuscript's qualification of the pure compounding result. It is not a measured rand gap for every family. Control, tax, and credit constraints are the reasons timing matters once the clean case is dropped.","source_study":"GSX:POP-008","version":"1.0","href":"https://greyscienx.com/research/population-futures/inheritance-after-retirement/claims/C02","supported_by":["GSX:POP-008:PDF"],"contradicted_by":[],"qualifies":[],"contradicts":[]}