which is applied on real historic data. Our result is a distribution of realized option returns (ex-ante prices and ex …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … distribution and add an explosive element to growth models. We show that differential rates of return matter empirically by merging …-shaped function across the distribution, where inequality in the lower half of the distribution is higher than in the upper half. If …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … distribution and add an explosive element to growth models. We show that differential rates of return matter empirically by merging …-shaped function across the distribution, where inequality in the lower half of the distribution is higher than in the upper half. If …