environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth … dynamics, whereas wealth distribution determines the degree to which agents rely upon natural resources and therefore the … lowers income, which in turn accelerates environmental degradation. We show that greater wealth heterogeneity is the key to …

From 1989 to 2001, wealth in real terms increased overall among U.S. families. But characterizing distributional … on the 400 wealthiest Americans and from the SCF, which explicitly excludes families in the Forbes list, that wealth grew … relatively strongly at the very top of the distribution. At the same time, the share of total household wealth held by the Forbes …

The large wealth and consumption inequality in the U.S. is usually attributed to two market frictions: debt constraints … large wealth dispersion and wealth concentration in the top tail of the distribution in the U.S. …

This paper investigates the quantitative importance of different savings motives on the distributions of wealth and …

influenced indirectly, through parental investments in education and earnings capacity, whereas the wealth holdings of families …

evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … average and median wealth for recent immigrants and young couples with children; 3) real median wealth and real average wealth …

Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to …

distribution of agents' discount parameters. Degenerate wealth distributions, in which only the most patient agents have any wealth …, are avoided by having a fraction of the agents die each period, and bequeath their wealth to descendants with … agents' stocks of wealth depend on their inherited wealth. If a patient individual lives long enough, she will retire and …