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 …

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 …

, estimated directly from data, as well as heterogeneity in ability to learn, initial human capital, and initial wealth … in initial conditions account for more of the variation in lifetime utility, lifetime earnings and lifetime wealth than … substantially more important than variation in learning ability or initial wealth for determining how an agent fares in life. An …

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 not top quarter income recipients … of the income distribution with means tests aimed at those in the top quarter of the wealth distribution. Both means …

Explaining why the concepts of "capital" and "wealth" are distinct, we show that appropriately defined aggregates for … wealth may be (and in the case of some countries appear to be) moving in opposite directions … entailing movements in factor returns and shares and the wealth-income ratio. Standard data on savings cannot be reconciled with …