outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased …

long-run models of income- and wealth-distribution Piketty (2014) draws on a rich economic analysis that models the intra …- and inter-generational processes that underlie the development of the wealth distribution. These processes inevitably … economic factors on inequality in the long run, we use the concept of an equilibrium distribution. However the long …

inheritances is characterized by a very high degree of inequality (comparable by and large to that observed in personal wealth) and … provide estimates for the overall magnitude and the distribution of inherited wealth. Our results indicate that the period … under examination the annual flow of inheritance increased markedly, from £22 billion in 1984 to £56 billion in 2005. The …

institutions for understanding intergenerational wealth dynamics and the asymptotic tendency of wealth inequality. The focal … inequality. State tax and transfer policies also have important effects on wealth inequality. The result that reductions in the … estate tax exclusion can substantially increase wealth inequality provides a context for current public policy debates. …