We study a small open economy displaying Pareto-distributed wealth resulting from random death. The government runs a … with ordinary differential equations for the mean of age and of individual and government wealth. We also study … distributional dynamics analytically. Starting from any distribution of age and wealth, the aggregate distribution converges, both on …

income, consumption and wealth and implies a substantial loss in individual welfare compared to the allocation under full … assets across individuals, and is thereby a quantitatively important driver of inequality in wealth …

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …

insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …

This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western … countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth … concentration fell over the past century and has remained low in Europe but increased in the United States, that wealth has changed …

distributions of health and wealth, leading to differences in the ability to mitigate future income shocks. We study consumption … health and wealth are jointly determined under income and health risk that are related to disease outbreak risk. We calibrate … in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth …