social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the … World Poll, we present a range of estimates of social trust's wealth-equivalent values. The estimates of the wealth embodied … social trust is an important component of total wealth in all regions and country groupings, there are nonetheless big …

This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real … price have two offsetting effects on wealth. First, the greater the local constant-quality price of housing, the greater the … wealth needed to meet the lender imposed down payment constraint if housing demand is price inelastic. However, increased …

We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches …

Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark … used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately … abolished between 1989 and 1997. Due to the specific design of the wealth tax, these changes provide a compelling quasi …

We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth …

I use the Survey of Consumer Finances (SCF) to analyze wealth trends from 1983 to 2013. Asset prices plunged between … 2007 and 2010 but then rebounded from 2010 to 2013. Median wealth plummeted by 44 percent over years 2007 to 2010 and … wealth inequality was up sharply. These two movements can be traced to the high leverage of middle class families, the high …

I discuss available evidence about the evolution of top wealth shares in the United States over the last one hundred … increase in wealth concentration and the other two methods showing at best a small increase. I discuss strengths and weaknesses … incomes and the increased importance of self-made wealth may explain difficulties in implementing each of the methods and …

median wealth plummeted by 44 percent over years 2007 to 2010, almost double the drop in housing prices. The inequality of … indebtedness. The sharp fall in median net worth and the rise in overall wealth inequality over these years are traceable primarily … disparity in wealth also widened considerably. Households under age 45 saw their relative and absolute wealth declined sharply …

capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer … wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in … his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable …