median wealth plummeted by 44 percent over years 2007 to 2010, almost double the drop in housing prices. The inequality of … indebtedness. The sharp fall in median net worth and the rise in overall wealth inequality over these years are traceable primarily … disparity in wealth also widened considerably. Households under age 45 saw their relative and absolute wealth declined sharply …

well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the … extreme wealth inequality in society …

important as those raised by Modigilani suggest that our method produces an overestimate of the importance of life cycle wealth …

We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health …

. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …

This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers -- one in five … households receives an inheritance over an eight-year period, with a median value of about $30,000. We find that inheritance …

conclude that, among the elderly single households in our sample, about four-fifths of their net wealth will be bequeathed and …

Countries in which billionaire heirs' wealth is large relative to G.D.P. grow more slowly, show signs of more political … in which self-made entrepreneur billionaire wealth is large relative to G.D.P. grow more rapidly and show fewer signs of …

empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the … size of the inheritance has a substantial effect on the probability of becoming an entrepreneur, and that conditional on … becoming an entrepreneur, the size of the inheritance has a statistically significant and quantitatively important effect on …