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 …

social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the … World Poll, we present a range of estimates of social trust's wealth-equivalent values. The estimates of the wealth embodied … social trust is an important component of total wealth in all regions and country groupings, there are nonetheless big …

Is the top tail of wealth a set of fixed individuals or is there substantial turnover? We estimate upper-tail wealth … dynamics during the Gilded Age and beyond, a time of rapid wealth accumulation and concentration in the late 19th and early 20 …th centuries. Using various wealth proxies and data tracking tens of millions of individuals, we find that most extremely …

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 …

Recent estimates of US top wealth shares obtained by capitalizing income tax returns (Saez and Zucman, 2020; Smith … Exchange Commission data at the shareholder firm level show that billionaires' equity wealth is underestimated by a factor of 2 … undervalued by a factor of 1.2 and top-owned partnerships by up to 2.2. After incorporating these results, the top 0.01% wealth …

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 …

The U.S. Civil War and emancipation wiped out a substantial fraction of southern wealth. The prevailing view of most … manuscript census to construct a sample that links top wealth holders in 1870 to their 1860 census records. Although there was an …

Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide … the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution …

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 …

capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer … wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in … his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable …