from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …

The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by …. -- Survey data ; household panel ; family economics ; household finance ; wealth distribution ; portfolio choice …

poverty. We provide two empirical applications of our measure. First, we analyze the development of inequality in the US from …

Poverty trap models are dynamical systems with more than one attractor. Similar dynamical systems arise in optimal … deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own …

As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …'s aristocratic wealth has experienced more negative shocks since WWII, social stratification is perceived as less acute, and half of …