Wealth is distributed more unevenly than income, and one contributing factor might be that richer households earn … higher portfolio returns. I uncover one channel that causes portfolio returns to be increasing in wealth: Poorer households … engage in such cyclical trading patterns. I estimate the trading patterns for households across wealth levels, in the US …

This paper uses new data on Swedish national wealth over a period of two hundred years to study whether the patterns in … wealth-income ratios previously found by Piketty and Zucman (2014) for some very rich and large Western economies extend to … lower wealth levels than the rest of Europe, and the main explanation is that the Swedes were too poor to save their income …

This paper uses new data on Swedish national wealth over a period of two hundred years to study whether the patterns in … wealth-income ratios previously found by Piketty and Zucman (2014) for some very rich and large Western economies extend to … lower wealth levels than the rest of Europe, and the main explanation is that the Swedes were too poor to save their income …

wealth in the euro area that have been triggered by the low-interest environment. The first debate refers to the development … 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 …

Frequent shifting of household portfolio composition may erode wealth due to poor market timing and transaction costs …. If household preferences are stable, the optimal wealth maximizing strategy is periodically rebalancing to maintain a … relatively constant ratio of investment assets to wealth from year to year. However, some households may fail to rebalance, or …

Frequent shifting of household portfolio composition may erode wealth due to poor market timing and transaction costs …. If household preferences are stable, the optimal wealth maximizing strategy is periodically rebalancing to maintain a … relatively constant ratio or investment assets to wealth from year to year. However, some households may fail to rebalance, or …