between initial wealth and entrepreneurship. However, in a recent paper Hurst and Lusardi (2004) use higher order of … polynomials in wealth and find that there is no relationship between household initial wealth and the probability of starting an … own business throughout most of the wealth distribution in the United States. In this paper we examine this relationship …

wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in … Sweden and the United States over the past decade. We show that wealth inequality has been significantly greater in the U …. In addition to less inequality and a higher median wealth, we also show that wealth quintile mobility in the 1990's has …

We study the role of family wealth for children's educational achievement using novel and unique Swedish register data …. In particular, we focus on the relationship between grandparents' wealth and their grandchildren's educational … achievement. Doing so allows us to reliably establish the independent role of wealth in contributing to long-term inequalities in …

Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … Board's Survey of Consumer Finances, I find that retirement wealth (the sum of pension and Social Security wealth) had a … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased …

percent replacement rates, respectively. Moreover, retirement wealth is very unevenly distributed. Whites and married couples … had substantially larger wealth accumulations than their respective counterparts. …

with wealth returns. Our results provide new insights into why inequality in capital income is greater than in labor income …

Education and wealth are positively correlated for individuals approaching retirement, but the direction of the causal … wealth with a reform expanding access to lower secondary school in Denmark in the 1950s, finding that schooling increases … pension annuity claims but reduces the non-pension wealth of men in their 50's. These effects grow stronger as normal …

Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … approach by focusing on different functions of wealth. We operationalize functions of wealth by empirically analyzing the … on these decisive functions of wealth aligns well with the wealth distribution, in ways that vary considerably across …

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real … between 1980 and 2018 of almost 4 percentage points (pp), an increase in the wealth-to-income ratio of almost 250 pp and an … increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical …