administrative data from China, we document a substantial increase in inequality of wealth held in risky assets by Chinese households …, 250B RMB through active trading in this period, or 30% of either group's initial equity wealth. In comparison, the return …

rise in the ratio of household wealth to GDP in the rich countries since the 1980s and the role played by the build-up of … income and wealth inequality that has accompanied the rise in the wealth/income ratio, especially in the US and Britain; on … a progressive global tax on net household wealth; and on the progress that has been made in the US and Europe in …

We present novel estimates of Social Security Wealth (SSW) at the individual level based on the SHARE survey. Our …. Moreover, simple correlations between SSW and alternative measures of private wealth are presented to provide descriptive … evidence of the displacement effect of SSW on private wealth …

Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution …

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 …