the model matches the rise in urban China’s wealth inequality since 1995 almost exactly. We further quantify the relative …We propose a quantitative theory of wealth creation and distribution during China's transitional growth from the early … wealth, whereas the majority working class, partly due to limited investment available from an underdeveloped financial …

Inherited wealth has attracted much attention recently, much due to the research by Thomas Piketty (Piketty, 2011; 2014 … historical inheritance flows are only really available for France and to some extent for the U.K. We study the long-run evolution … of inherited wealth in Sweden over the past two hundred years. The trends in Sweden are similar to those in France and …

This paper studies wealth taxation in a heterogeneous agent economy with entrepreneurship. Entrepreneurs face borrowing … dataset on household wealth, I show that this possibility for entrepreneurs to sell their firm is crucial to simultaneously … account for both the stylized facts of the wealth distribution and year-to-year changes in wealth. In a subsequent policy …