We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a … utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is …

, consumption, and wealth to answer the question: is intergenerational mobility similar across the three resource measures? Absolute … mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation …, or lowest relative mobility, followed closely by consumption. Wealth exhibits much lower relative mobility. We also look …

Using harmonized household survey data, we analyse long run social mobility in the US, the UK, and Germany and test …

measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in …

measurement approach that allows us to target the joint distribution of income and wealth. We show that inequality of opportunity …-egalitarian distribution of income until 2000, and (ii) a less opportunity-egalitarian distribution of wealth after the financial crisis in …