If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …

If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …

wealth might therefore exacerbate the consequences of labor market inequality. … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e …

, income inequality leads to inefficiencies which impede economic growth. By contrast, Keynes believed that since the rich save … at a higher rate than the poor, income inequality stimulates growth by increasing aggregate savings. We trace the … model that explicitly accounts for the dynamic interaction between capital accumulation, interest rates and wages, wealth …

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 …