In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …

In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …

on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios … wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … processes or utility. Accounting for the value of human capital delivers a different view of inequality: (i) in 2016 the top 10 …

human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … net worth overstate welfare inequality. This is largely due to the unaccounted value of future earnings, which we call …

returns, both of which contribute to wealth inequality. Counterfactual policy exercises indicate that two ways to lower costs … wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment … distributions of welfare costs even though the latter policy appears to reduce wealth differences between agents with different …

This paper studies parental beliefs about the returns to two factors affecting the development and long-term outcomes … leveraging beliefs measured in two different domains, and show that parents' perceived returns relate to their actual parenting … styles. My results suggest that parental beliefs are an important determinant of parental decision-making, but cannot explain …

This paper evaluates the impact of education on measured inequality across the wage distribution using pooled records … from the 2005 and 2010 Cameroon labour force surveys, wage equations and standard inequality measures. Returns to education … returns to education for the period 2005-10 largest for the 5th and 10th percentiles. Inequality decreased from the lower to …