Does the lack of wealth constrain parents' investments in the human capital of their descendants? We conduct a fifty …-year followup of an episode in which such constraints would have been plausibly relaxed by a random allocation of wealth to families … participation among adult white males. Winners received close to the median level of wealth - a large financial windfall orthogonal …

enterprise growth and employment. The third factor is capital income. Overall, private wealth (relative to income) has followed a … U-shaped path over time, particularly in Europe, where inherited wealth is, in Europe if not in the United States …

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 …

This paper explores the relationship between education and the evolution of wealth after retirement. Asset growth …

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 …

This paper studies the geography of wealth transfers during the 2008 global financial crisis. We construct valuation …