Is the top tail of wealth a set of fixed individuals or is there substantial turnover? We estimate upper-tail wealth … dynamics during the Gilded Age and beyond, a time of rapid wealth accumulation and concentration in the late 19th and early 20 …th centuries. Using various wealth proxies and data tracking tens of millions of individuals, we find that most extremely …

Recent estimates of US top wealth shares obtained by capitalizing income tax returns (Saez and Zucman, 2020; Smith … Exchange Commission data at the shareholder firm level show that billionaires' equity wealth is underestimated by a factor of 2 … undervalued by a factor of 1.2 and top-owned partnerships by up to 2.2. After incorporating these results, the top 0.01% wealth …

light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …

We study the history and geography of wealth accumulation in the US, using newly collected historical property tax …, and financial), making it one of the first "wealth taxes." Drawing on many historical records, we construct long …-run, consistent, high-frequency wealth series at the county, state, and national levels. We first document the long-term evolution of …

We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate …