We use Norwegian tax data and a life-cycle model with housing to study how wealth transmits across generations through … that housing outcomes when young are important determinants of midlife wealth. This holds also when using plausibly … parental wealth explain 12% of intergenerational wealth persistence, making housing equally important as the combined impact of …

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