In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …

Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings … wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically … calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth …

Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings … wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically … calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth …

among low lifetime earnings households, while inheritance heterogeneity helps to generate the heterogeneity in wealth at … very well the empirical observation that households with similar lifetime earnings hold very different amounts of wealth at … retirement. Earnings heterogeneity and borrowing constraints are essential in generating the variation in wealth at retirement …

Despite its relevance in 19th-century economics, wealth -its accumulation, composition, and distribution- has largely …, Italy presented a historically high value of total private wealth but had relatively small relevance in total bequests flows … in proportion to national income. Then, we present novel estimates of wealth concentration between 1863 and 1914 …