well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society …

an open question about how much the elasticity varies with wealth. We find a much lower consumption response for high …-liquidity households, which may help discipline structural models. We then use this instrument to study how wealth shapes racial inequality …. An extensive body of work documents a substantial racial wealth gap. However, less is known about how this gap translates …

There has been a seismic shift in age-wealth profiles in the U.S. over years 1983 to 2022. The most notable is the … sharp rise in the relative household wealth of age group 75 and over. Correspondingly, the relative wealth holdings of all … group, 35 and under, and the oldest age group, 75 and over, and analyzes the factors behind these relative shifts in wealth …

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 …

In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis … wealth, British households hold relatively small amounts of financial assets - including equities in stock - compared to … fraction of their household wealth is concentrated in houseing. Finally, the age gradient in home equity appears to be much …

Equity in housing is a major component of household wealth in the United States. Steady gains in housing prices over … the last several decades have generated large potential gains in household wealth among homeowners. Mankiw and Weil (1989 …

magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through … intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and …

This paper uses administrative tax data to estimate top wealth in the United States. We assemble new data that links … that twenty percent of total pass-through business wealth accrues to those with losses. We combine this new data on fixed … income and pass-through business returns with refined estimates of C-corporation equity, housing, and pension wealth to …

median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of … in median net worth and the rise in overall wealth inequality over these years are largely traceable to the high leverage … of middle class families and the high share of homes in their portfolio. Mean and median wealth rebounded from 2010 to …