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 …

discuss the implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and …

theimplications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth …

implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …

Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being in permanent … negative shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as …

Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being a permanent worker … shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an …

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 …

general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine crosscountry … variation in inequality with respect to import protection. Results are consistent with predictions of the factor-intensity model …

of wealth inequality, which can be performed by carefully adapting the techniques used in the case of income … distributions. The paper focuses on the measurement of inequality itself and includes an application to European data on wealth. We … wealth inequality measures, gaining an understanding of the contributions of inequality by wealth component and socio …