consequences of income inequality. Economists are prone to similar, although more reasoned and empirically based, debates. This … book is a curated collection of essays that explore a wide range of viewpoints about income inequality in the United States …. Neither income nor income inequality is easily measured and, consequently, economists have different views about what is the …

Wealth varies considerably across the population and changes significantly over the lifecycle. In this paper, we trace … out trajectories of wealth across several key life milestones, including marriage, homeownership, childbirth, divorce … the milestone. We find evidence of significant long-run increases in wealth associated with homeownership and retirement …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …