wealth income ratio (WIR) and on the distribution of wealth (WD), in the life cycle (LC) "egalitarian" model. We depart from … in clear contrast with one of the fundamental propositions of the traditional LC theory. …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

for the cross- sections of consumption, wealth and income. …

Wider participation in stockholding is often presumed to reduce wealth inequality. We measure and decompose changes in … US wealth inequality between 1989 and 2001, a period of considerable spread of equity culture. Inequality in equity … wealth is found to be important for net wealth inequality, despite equitys limited share. Our findings show that reduced …

According to previous studies that applied a popular goodness-of-fit test, the wealth of the world’s billionaires does … not follow a Pareto distribution. The test applied by those studies assumes that wealth is measured without error, yet, if … different sources of data on the wealthiest people in the world are compared, then wealth appears to be measured with error …

We study the effect of the social stratification on the wealth distribution on a system of interacting economic agents … its success in exchange transactions. Different wealth distributions are obtained as a function of the width of the … further exchange between poor and rich agents. As a consequence, the middle wealth class is eliminated. The high values of the …

Pareto law, which states that wealth distribution in societies has a power-law tail, has been the subject of intensive … agent based models assume the conservation of number of agents and wealth. Both these assumptions are unrealistic. In this … paper, we study the limiting wealth distribution when one or both of these assumptions are not valid. Given the universality …