well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society. …

% of the super-rich are heirs-a fraction twice as large as in the US-and that wealth mobility at the very top has declined … significantly. We find that top 0.01% wealth shares are higher than previous estimates based on wealth tax statistics suggest. At … the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to …

growth, the Second Industrial Revolution (1870-1914) in France. In this period, technology became skill-intensive, leading to …

in France over the period from January 2015 to July 2016. Using firm-level data at monthly frequency, we document an … immediate and lasting decline in cross-border trade after a mass terrorist attack. According to our estimates, France’s trade in … particularly strong effects for partner countries with low border barriers to France, for firms with less frequent trade activities …

, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality. …

How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation … in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

Using new long-run microdata, this paper studies wealth and income trends of college and noncollege households in the … United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is … considerably larger than the college income premium. Over the past four decades, the wealth of American households with a …