from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …

This paper explores the income and wealth effects through modeling heterogeneous households while studying the effects … as the Federal Reserve Board's Survey of Consumer Finances (SCF), to apply the EM algorithm to empirically study wealth … of 2008 and the Sars-CoV-2 pandemic, on wealth holders …