focus of the paper is on transitional dynamics under different initial wealth levels. Whether an initially small business … toward the informal sector even though the initial wealth level is high. Lowering taxes on formal activity joined with strict …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …

We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on … heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation … in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but …

a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …

Unique residential history data with retrospective information on parental assets are used to study household wealth … transition matrices show substantial persistence in wealth even when we correct for measurement errors in parental wealth. We do … not find wealth mobility to be higher between periods of a person's life than between generations. We find that the …

the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath …