Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

This study estimates the magnitude of pension wealth and compares pension wealth to net worth for households in the … likely to be more accurate than the pension data used in previous studies. Pension wealth was estimated under two sets of … assumptions. Under the projected earnings approach, mean pension wealth is $98,291, which represents 43 percent of mean net worth …

We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth …

Explaining why the concepts of "capital" and "wealth" are distinct, we show that appropriately defined aggregates for … wealth may be (and in the case of some countries appear to be) moving in opposite directions … entailing movements in factor returns and shares and the wealth-income ratio. Standard data on savings cannot be reconciled with …

While financial knowledge is strongly positively related to household wealth, there is also considerable cross … cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over … wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has …

, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on … direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These … focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even …