generate enough concentration at the upper tail of the wealth distribution. …

We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …

imperfections imply that entreprenurial investment will yield high average returns The final possibility is that wealth enters … utility of anticipated bequests) implying that risk aversion declines as wealth rises The paper concludes that the overall …

retrieved from the Survey of Household Income and Wealth published by the Bank of Italy. The empirical analysis confirms both …-depressing effects of raising inequality via debt and wealth-based consumption. Likewise, it is argued that decreasing personal income …

wealth. The latter, however, converges to maximum inequality for heterogeneous time preferences or rates of interest (either …

What determines inequality and mobility of wealth? This paper quantifies in closed form both the bottom and the top …, demographics, and the asset portfolio composition under idiosyncratic wealth risk. Factors that increase inequality also reduce …

generates wealth heterogeneity that matches the empirical data, the improved model can provide a sensible analysis of economic …