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 …

How does revolutionary technological change impact wealth inequality? We turn to the mother of all technological shocks …–the Industrial Revolution–and analyze its role for wealth concentration both empirically and theoretically. Based on a novel dataset … on wealth shares at the level of Prussian counties, we provide causal evidence on the positive effect of …

Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …

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 … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …

This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non … premiums of party membership across the wealth distribution. Our results show that although the average wealth gap between CCP … the returns structure of party membership over time. Prior to the housing reform in the 1990s, the highest wealth premiums …

definitions of income and wealth poverty affect the number and socio-demographic characteristics of poor households, as well as … their portfolio composition and consumption expenditure. We find that adding wealth to the poverty definition mainly … the typical socio-demographic patterns for poor households: the risk of being income and/or wealth-poor is, in almost all …

Top distributions of income and wealth are still incompletely measured in many national statistics, particularly when … extrapolate both income and wealth distributions from German PHF (Panel on Household Finance) data under the incidental truncation … our copula-based approach can approximate much closer to the top tax data and wealth "rich list" than those unconditional …