cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth-income …

inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that current trends toward rising wealth-income …This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and …

France the annual flow of inheritance was about 20%-25% of national income between 1820 and 1910, down to less than 5% in … 1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … bequest flow might reach about 20%-25% of national income by 2050. This corresponds to a capitalized bequest share in total …

variation in households’ total net worth. Our results indicate that after accounting for differences in human capital and income … levels, single immigrants have a wealth advantage of almost $185,000 relative to single native-born individuals. Although the … wealth gap between mixed and native-born couples is not statistically significant, immigrant-only couples have approximately …

components may be expressed in terms of observable variables, namely in terms of consumption, nonhuman wealth and labor income …This paper studies the role of detrended wealth in predicting stock returns. We call a transitory movement in wealth … one that produces a deviation from its shared trend with consumption and labor income. Using quarterly stock market data …

The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically …, the periods 1920-1929 and 1983-2007 both exhibited a large increase in the income share of the rich, a large increase in … it is very large and not accompanied by a real contraction. But restoration of the lower income group’s bargaining power …

household portfolio behaviour is a switching regressions model with endogenous switching. The second aim is to examine the … which enable us to calculate rather precisely the marginal tax rate facing each household. The third aim is to estimate … wealth elasticities of demand for a range of assets and liabilities. We test the frequently made assumption of constant …