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 …

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 …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches …

Wealth varies considerably across the population and changes significantly over the lifecycle. In this paper, we trace … out trajectories of wealth across several key life milestones, including marriage, homeownership, childbirth, divorce … the milestone. We find evidence of significant long-run increases in wealth associated with homeownership and retirement …

This paper presents new homogeneous series on top wealth shares from 1916 to 2000 in the United States using estate tax … return data. Top wealth shares were very high at the beginning of the period but have been hit sharply by the Great … wealth shares recovered in the early 1980s, but they are still much lower in 2000 than in the early decades of the century …

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 …

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 …

I use the Survey of Consumer Finances (SCF) to analyze wealth trends from 1983 to 2013. Asset prices plunged between … 2007 and 2010 but then rebounded from 2010 to 2013. Median wealth plummeted by 44 percent over years 2007 to 2010 and … wealth inequality was up sharply. These two movements can be traced to the high leverage of middle class families, the high …

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 …