wealth - the difference between firm's wealth (equity and debt) and capital employed. Surplus wealth rose from -$0 … 1974 - 2015. In step 2 we test the hypothesis surplus wealth is associated with IT transformed firms, establishing an …

. Distributional information on households' wealth is available from the Household Finance and Consumption Survey only for three points … quarterly distributional national wealth by (i) improving the alignment of survey fieldwork periods with the national accounts … time series; and (v) computing euro area aggregates. This paper finds an increase in the net wealth Gini of most euro area …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion …, then a small elite will own all wealth if capitalism is left to its own devices. We formulate and calibrate a Post …-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all …

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 …

transformation function. As applied to income and wealth densities, they are akin to one another because they share the income growth …. To find a kindred distribution we assume that the rate of change of wealth is a function of savings from income and the … returns from accumulated wealth. Applying the Ito transformation, we then obtain an explicit wealth-income density, which …

Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax … back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of …, the wealth tax is often not delivering the expected effects - a large share of the tax burden falls on people with low …

This paper develops a new approach for dealing with the under-reporting of wealth in house- hold survey data … (differential nonresponse). The current practice among researchers relying on household wealth survey data is one out of three … substantially reduces nonresponse bias in the Pareto tail estimates. Applying the procedure to wealth survey data (HFCS, SCF, WAS …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …