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 …

Theoriebildung leisten kann. Im Paper wird argumentiert, dass es viel Verwirrung über wichtige makroökonomische Konzepte wie Sparen …, Investieren und Finanzieren gibt. Diese Verwirrung kann am besten im Satz "Sparen finanziert Investitionen" zusammengefasst werden … Sparen und Investieren geklärt werden. Die Theorie hinter diesem Satz - die Loanable Funds Theorie - wird dabei analysiert …

Inherited wealth has attracted much attention recently, much due to the research by Thomas Piketty (Piketty, 2011; 2014 … of inherited wealth in Sweden over the past two hundred years. The trends in Sweden are similar to those in France and … was similar to that in the U.S., but the savings and growth rates were much lower in Sweden than in the U.S. Rap-id income …

physical and human capital. Longer life, lower fertility, and population aging all raise the demand for wealth needed to …, increased capital per worker may not occur if the increased demand for wealth is satisfied by increased familial or public …

sectoral saving and investment estimates and analyze microdata from recent household wealth surveys. They provide …

structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people … rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by … between desired wealth and investment, and it presents new empirical data on private wealth and its composition in the OECD …