Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth … hinders their usefulness for addressing these questions. We review the features of wealth data that make it difficult to …

Much discussion treats the working definitions of wealth and income as if they were self-evident, but definitional … choices can make substantial differences in the overall picture. To provide a clear basis on which to examine family wealth … concepts. Using the measures developed, the paper examines the distributions of wealth and income and their joint properties …

distribution of wealth in a standard Aiyagari model (i.e. a model with heterogeneous agents, idiosyncratic uncertainty, and … costs. Transaction costs have only a modest impact on the degree of wealth dispersion, as measured by the Gini index, as the … associated increase in savings is close to linear in wealth. While we are unable to match the dispersion of wealth in the data …

Although most recent empirical research regarding the size and significance of the impact of changes in wealth on … industrial countries as well. This paper investigates the strength of the wealth effect across countries. Using a variety of … methods, I find evidence of significant wealth effects in the United Kingdom and Canada of a size comparable to that in the …

Over the period from 1989 to 2001, wealth in real terms grew broadly across U.S. families. Characterizing … 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 group rose. However, while the point estimate of the share of total wealth held by the …

This paper investigates the effects of stock market wealth on consumer spending. Traditional macroeconometric models … estimate that a dollar's increase in stock market wealth boosts consumer spending by 3-7 cents per year. With the substantial … 1990s rise in stock prices, the nature and magnitude of this "wealth effect" have been much debated. After describing the …

This paper considers changes in the distribution of the wealth of U.S. families over the 1989-2004 period using data … indications that wealth became more concentrated, but the result does not hold unambiguously across a set of plausible measures …. For example, the Gini coefficient shows significant increases in the concentration of wealth from 1989 to 2004, but the …