1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … wealth and inheritance are bound to play a key role for aggregate wealth accumulation and the structure of lifetime … inequality. Contrarily to a widely spread view, modern economic growth did not kill inheritance. …

cooperation that already exists on trade, services, and investment. New, creative thinking is needed on the sort of soft …

billionaires acquired wealth through political connections, the effect of politically connected wealth inequality is negative …A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … inequality from Forbes magazine’s listing of billionaires and compare its effect on growth to the effects of income inequality …

Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …

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 …

This paper derives optimal inheritance tax formulas that (a) capture the key equity-efficiency trade-off, (b) are … but realistic linear or two-bracket tax structures to obtain tractable formulas. We show that long-run optimal inheritance …-Becker dynastic model. In all cases, the optimal inheritance tax rate increases with the concentration of bequest received and …

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

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 …

or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …