We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large …-scale online survey in Germany. First, we analyze how well participants are informed about the German wealth distribution and their … position in it. Second, we investigate how preferences for wealth redistribution are affected by an information experiment. One …

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

Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax … back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of …, the wealth tax is often not delivering the expected effects - a large share of the tax burden falls on people with low …

effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … the impact of the shock on individuals’ economic choices. Wealth shocks are large across the population, but more … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …

and wealth differentials between black and white households. Specifically, we show that, although a more accommodative … time, an accommodative monetary policy shock exacerbates the wealth difference between black and white households, because …

for all households, and an increase in wealth inequality. Nevertheless, welfare losses are bigger for households with … higher initial wealth. Therefore, a policy reform to reduce rent seeking via the financial sector, despite being Pareto …

rich get richer while the relatively poor get poorer), leading to a highly unequal long-run distribution of wealth. After …

driving the US business cycle. The estimated shocks, however, have significantly contributed to the evolution of US wealth and …