We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases 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 …

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 …

policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth …

This paper studies the relationship between wealth inequality and occupational choice between rent-seeking and …-seeking as it enables them to protect their wealth from expropriation. Hence, initial wealth determines occupational choice and … aggregate economic activity. The model also generates an unequal wealth distribution endogenously through fair gambles …

available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility … of resource wealth …

environment of high business wealth concentration account for 90 percent of the rise in the private savings rate and a third of …