capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer …In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive … wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in …

rents and the divergence between wealth and capital. Subsequent Parts of this paper will investigate some of these factors … entailing movements in factor returns and shares and the wealth-income ratio. Standard data on savings cannot be reconciled with … the increase in the wealth-income ratio: there is a wealth residual. An important component of this is associated with …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in …

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …

Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …

of the income distribution with means tests aimed at those in the top quarter of the wealth distribution. Both means … are both in the top quarter of income recipients and in the top quarter of wealth holders. Another 10.5 percent are top … quarter income recipients, but not top quarter wealth holders; with an additional 10.5 percent top quarter wealth holders, but …

earnings, the traditional measure, and in human wealth, the measure suggested by recent literature. A second objective is to … wealth inequality as well as the overall contribution of these variables combined. A unique feature of this study is the … estimation of earnings and human wealth and their distribution for a group of men for which several age-earnings data points are …