This paper studies wealth taxation in a heterogeneous agent economy with entrepreneurship. Entrepreneurs face borrowing … dataset on household wealth, I show that this possibility for entrepreneurs to sell their firm is crucial to simultaneously … account for both the stylized facts of the wealth distribution and year-to-year changes in wealth. In a subsequent policy …

inheritance. Wealth–income ratios, inherited wealth, and wealth inequalities were high in the eighteenth to nineteenth centuries … show that over a wide range of models, the long-run magnitude and concentration of wealth and inheritance are an increasing … current trends toward rising wealth–income ratios and wealth inequality might continue during the twenty-first century, both …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …

startups, and find that an entrepreneurship model disciplined only by microdata on investment can broadly match the high wealth … entrepreneurial savings and investment behavior, and in turn shape the wealth distribution. To that end, I construct an endogenous … model to match salient facts about entrepreneurial investment drawn from a nationally representative panel survey on …

wealth, such as tax policy and bankruptcy law, affect risky investment decisions at the top of the wealth distribution in …We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … novel survey data from the top of the wealth distribution, which have been added to the 2019 German Socio-economic Panel …

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income … entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … evidence on transition economies. -- credit constraints ; distribution ; economic development ; entrepreneurship ; institutions …

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income … entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …

easing entrepreneurial investments for credit-constrained individuals whose investment possibilities depend on their income … entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …