Wealth concentration in the U.S. has increased over the past 25 years across multiple methodologies for measuring … wealth. But the reasons for the increase—and the timing of the increase—are quite different. In this note, we show that most … the sharp increase in wealth concentration during and after the crisis differ remarkably across methods. We describe some …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in … tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth … and poverty. We find that wealth inequality reduces economic growth, but when we control for the fact that some …

We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through …