The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the … high productivity in other tradable goods and services, meant that British producers of cotton textiles could not use … increasing wage and raw cotton costs before supply adjusted to the major increase in demand for inputs. On balance, the effects …

This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the … capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the … "savers" or "self-made men" (whose wealth is larger than the capitalized value of their inherited wealth, i.e. who consumed …

-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We …

Capital market theory predicts that the wealth distribution of an economy affects real interest rates. This paper … empirically analyzes this relationship for the US, the UK and Sweden. We obtain that measures of wealth inequality are positively …

We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in …

In most industrialized economies, financial wealth is distributed far more unequally than income. According to Wolff …. However, when wealth is distributed too unequally, capacity cannot match consumer needs. I present some first experimental …

We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …

Capital market theory predicts that the wealth distribution should affect interest rates. This Paper empirically … analyses the relationship between the wealth distribution and interest rates in the US. We use data on wealth inequality from … various sources. Measures of wealth inequality are linked positively to the real commercial paper rate and to the real rate on …

wealth elasticities of demand for a range of assets and liabilities. We test the frequently made assumption of constant …

wealth should do better than those with less wealth. We investigate this hypothesis using a unique datset from Norway …. Consistent with liquidity constraints being present, we find a strong positive relationship between founder prior wealth and … start-up size. The relationship between prior wealth and start-up performance, as measured by profitability on assets …