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 …

of real yields on household wealth from 2000 to 2018, whereas the second debate deals with the mean-variance efficiency … of household portfolios. Contrary to widespread belief, we find that yields on total wealth, which were largely dominated … international comparative and intertemporal analyses. Based on this, we address two current debates on the development of household …