discuss the implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and …

discuss the implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and …

proportionate revision in target wealth. We use panel data on the amount of wealth held for precautionary purposes available in the … permanent component of income, we find that households indeed revise approximately one-for-one their target wealth in response … permanent income is negatively correlated with the "wealth gap", particularly for individuals whose wealth is substantially …