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

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

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 …

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 …

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

spouses positively affects relative expenditures on children. Intergenerational effects, through education and wealth, are … also important. Pre-marriage wealth, particularly for the female spouse, positively affects allocations to children. Length …