This paper uses administrative tax data to estimate top wealth in the United States. We assemble new data that links … that twenty percent of total pass-through business wealth accrues to those with losses. We combine this new data on fixed … income and pass-through business returns with refined estimates of C-corporation equity, housing, and pension wealth to …

This paper examines the association between stock market return expectations and financial wealth holdings of older … of positive stock market return were positively associated with greater financial wealth holdings among households. Our … financial wealth holdings of households. African Americans, Hispanics, and other races were negatively associated with the …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …

This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are … heterogeneous even within narrow asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90 …