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 …

earlier years of schooling, or whether education raises health directly or through income or wealth. In this paper, I examine … how the timing of educational attainment is important for adult health outcomes, income, and wealth, in order to … pronounced for income and wealth. In the full sample, the marginal effects on the probability of fair or poor health at age 55 of …

wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have … especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth …

We estimate the elasticity of reported income with respect to tax rates for high earners using subnational variation …. We find that elasticities of reported income at the provincial level are large for incomes in the top one percent, but … small for lower earners. There are strong indications that the response happens both through earned and capital income …

Business income is important in the upper tail of the personal income distribution, but the extent to which it is … captured by measures of personal income varies substantially across tax regimes. Using linked individual and firm data from … Norway, we are able to attribute business income to personal owners as it accrues rather than when it is realized. This …

In a rare example of an explicit national goal for income distribution besides reducing poverty, China's leadership has … the potential trade-offs, the paper asks whether China's experience indicates that income-polarization was a by-product of … recently committed to expanding the middle-income share--moving to a less polarized "olive-shaped" distribution. Recognizing …

retirement income provisions. Building on extensions of the life cycle model, we derive hypotheses on the implications of … institutional differences for wealth accumulation and portfolio composition. Examples of implications are that the ratio of net … worth and gross wealth should be highest in Italy, that Dutch households should hold the lowest wealth levels at retirement …

In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even … labor productivity risk, show that it has a wealth distribution that matches the data well, and then use it to characterize …

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 … and above that of standard life cycle models; this is because higher earners typically have more hump-shaped labor income …