We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth … with wealth: moving from the 10th to the 90th percentile of the financial wealth distributionincreases the return by 3 …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …

rich followed a similar pattern, the result of wealth effects associated with a boom-bust in asset prices. Indeed, the … top 10 percent account for almost half of income and two-thirds of wealth. In other words, the rich played a critical role …

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of … wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from …

We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the money wealth ratio increased for all … wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in … dispersion of wealth by reducing the precautionary motive of households. In addition, tight monetary policies increase the value …

environment of high business wealth concentration account for90 percent of the rise in the private savings rate and a third of the …