How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation … in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental …

This paper analyzes the short-run dynamics and changing sources of wealth among the Forbes 400 list of the wealthiest … the entire time period the growth of wealth was negatively related to the previous years' wealth, implying a slight degree … of wealth convergence within the group. We find that the overall growth of the group's wealth slowed after the crisis but …