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 …

roughly two-thirds of the overall wealth gap …

wealth transfer and these accounted for about a quarter of their net worth. Over the lifetime, about 30 percent of households … could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time of … the SCF reporting a wealth transfer fell by 2.5 percentage points. The average value of inheritances received among all …

, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on … direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These … focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even …

While financial knowledge is strongly positively related to household wealth, there is also considerable cross … cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over … wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has …

I find that median wealth plummeted over the years 2007 to 2010, and by 2010 was at its lowest level since 1969. The … in real terms by 25 percent. The sharp fall in median wealth and the rise in inequality in the late 2000s are traceable … ethnic disparity in wealth holdings, after remaining more or less stable from 1983 to 2007, widened considerably between 2007 …