used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …

different average returns on their net worth (a standard deviation of 8.6%) and on its components. Second, heterogeneity in … heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are correlated … across generations. We discuss the implications of these findings for several strands of the wealth inequality debate. …

heterogeneity on macroeconomic outcomes and policies. …

residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in … distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality …

correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … wealth inequality. Housing price increases display a hump shaped pattern over the net wealth distribution, with the poorest … and richest households benefitting least. With regard to the latter finding there exists considerable heterogeneity across …

inequality in household wealth in all 8 countries. …

This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …