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 …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

over time. In our theory, repo market fragilities are associated with endogenous fluctuations in trade probabilities …

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … job loss and those who do not reveals generally increasing entry rates through the wealth distribution for both groups … entrepreneurship and a different measure of wealth - net housing equity - for the two groups. Second, we examine the liquidity …

Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era …, our results suggest, the effects of liquidity constraints are masked by anticipatory savings of the would be self …

-finding rates, wages and savings, so that we use the model to examine the role of age and wealth for worker flows and for the …

characterize the worker s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation … spells. Second, consumption increases with wealth both when the worker is employed and unemployed. Third, savings provide …. In general, all decisions will depend on the current level of wealth: First, the choice of search effort increases as …

more savings than to supply additional work in order to insure against the loss of employment. …