bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of …. Nonetheless, concentration of labor earnings is the primary source of wealth concentration in the US. This finding reflects the … high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income …

This paper examines the effect of wealth on labour market behaviour. Providing convincing evidence on this relationship … is challenging since wealth and labour supply may be endogenously determined. We overcome this by looking at wealth … theoretical framework which outlines how an individual's labour market behaviour may be expected to react to a wealth shock under …

to their pre-inheritance wealth. We also find that post-inheritance behavioral adjustments mitigate the equalizing effect …We use new population-wide register data on inheritances and wealth in Sweden to estimate the causal impact of … inheritances on wealth inequality. We find that inheritances reduce relative wealth inequality (e.g., the Gini coefficient falls by …

We explore the extent to which the huge race gap in wealth can be explained with properly constructed income and … demographic variables. In some instances we explain the entire wealth gap with income and demographics provided that we estimate … the wealth model on a sample of whites. However, we typically explain a much smaller fraction when we estimate the wealth …