How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth-income …

inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that current trends toward rising wealth-income …This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

Financial well-being is distinct from income. Some people with high incomes suffer low financial well-being, as their … aspirations. We find that people whose aspirations exceed their income are less risk-averse and less loss-averse than people whose …

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

racial gaps such as those in income, employment, and education. Much of the current racial gap in well-being can be explained …

the relationship between subject well-being and income observed within countries. Finally, examining the relationship … between changes in subjective well-being and income over time within countries we find economic growth associated with rising … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income …

The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship … above a certain income level. We revisit the issue using data from Nepal. We find a relative consumption effect that is …