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 …

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 …

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 …