Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality …

Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …

(a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation … differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial … implications of these findings for several strands of the wealth inequality debate. …

percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … discuss the implications of these findings for several strands of the wealth inequality debate …

standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth … risk exposure and assets scale,it also reflects persistent heterogeneity in sophistication and financial information, as … theimplications of these findings for several strands of the wealth inequality debate …

(a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation … differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial … implications of these findings for several strands of the wealth inequality debate …

consumption and that the shocks we analyze reduce consumption inequality on impact. …

inequality from 2005 to 2016 at the monthly frequency. We investigate the dynamic relationship between monetary policy and the … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …