We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance … and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big … of household wealth in Germany jumps up from 24 percent in the HFCS alone to 33 percent after top wealth imputation. For …

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …