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 …

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 …

the life cycle. While the net cost of divorce in terms of household wealth accumulation is higher for men than it is for …This paper analyses the role of the elderly couples’ past marital history in determining their current wealth holdings … couples’ marital history plays a minor role in explaining the dispersion in their wealth holdings near the end of the life …

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 …

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 …

wealth should do better than those with less wealth. We investigate this hypothesis using a unique datset from Norway …. Consistent with liquidity constraints being present, we find a strong positive relationship between founder prior wealth and … start-up size. The relationship between prior wealth and start-up performance, as measured by profitability on assets …

of debt service and redistribute income from the rich to the poor. Consequently, inequality sows the seeds for inflation …A democratic society in which the distribution of wealth is unequal elects political parties which tend to represent …

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 …