Because financial transactions are important for wealth accumulation, and rely on trust and confidence in institutions … native-born, immigrants are less likely to own savings and checking accounts and these differences tend to persist over time …

features that policy makers are worried about: business investment, borrowing constraints, estate transmission, and wealth …

In this paper, we examine household savings using data from the National Longitudinal Survey, Cohort 1997 (NLSY97 … with several problems in measuring wealth. While many respondents report owning assets and liabilities, they often do not … calculate household wealth for the whole sample. We examine household wealth holdings by considering several measures of …

In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the … total wealth in the economy. Understanding the determinants of wealth inequality is a challenge for many economic models. We … summarize some key facts about the wealth distribution and what economic models have been able to explain so far. …