contrast to the large wealth changes, most countries so far did not benefit much in welfare terms. This is because they did not …

contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …

Account Tax Compliance Act (FATCA), to produce new evidence on the foreign financial wealth of U.S. households. We find that U …