This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …

We study how attitudes to inheritance taxation are influenced by information about the role of inherited wealth in … aggregate importance of inherited wealth and its link to inequality of opportunity significantly increases the support for … inherited wealth could be one explanation behind the relatively marginalized role of inheritance taxation in developed economies. …

wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … instrument. The exclusion restriction is that conditional on the total amount of inheritance, inheriting a home affects the … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average …

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We …

heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …

to the aging of the US population; however, lower productivity growth would result in higher optimal pension payments. In …

the same time, we argue that rich list data lead to overestimating wealth inequality. While rich lists are valuable to …% 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 …

We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth … capital gains, and save at higher rates. At age 50, the excess wealth of the top 0.1% group relative to mid-wealth households … is accounted for in about equal terms by higher saving rates (34%), higher initial wealth (32%), and higher returns (27 …

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 …

The Carnegie effect (Holtz-Eakin, Joualfaian and Rosen, 1993) refers to the idea that inherited wealth harms recipients …