In this paper we compare the level, composition and distribution of household wealth in five industrial countries: the … UK, US, Italy, Finland and Sweden. We exploit the harmonized data within the Luxembourg Wealth Study, which we have …. We find that the Nordic countries have lower average wealth holdings, smaller absolute gaps between low wealth and high …

wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest share of cross …This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household …-country differences is not due to differences in the distribution of household demographic and economic characteristics but rather reflect …

We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse … minimum wealth needed to obtain a separating contract is decreasing in the wage, whereas the minimum wealth needed for a …

This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production …

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 …

wealth and with a constant-returns-to-scale technology using capital and labour (called "effort") and displaying a purely … idiosyncratic risk. If effort is contractible, full insurance contracts make the production deterministic and initial wealth … increasing function of initial wealth so that in equilibrium poorer agents face tougher credit rationing and take smaller …

This paper examines trends in the distribution of household wealth in Great Britain from 1995 to 2005 using the British … Household Panel Survey (BHPS). The data show that wealth is very unevenly distributed and reveal a widening absolute gap over … the period between wealthier households and those with no or negative wealth. However, in relative terms, wealth grew …

Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is … and of the wealth differential between the rich and the rest? Using a Pareto model for the upper tail of the distribution …

The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and …