changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 …. Investment is negatively affected by private wealth in the USA and the UK, but positively in France and Germany. … until 2010 for the UK, France, Germany and USA, based on the dataset of Piketty and Zucman (2014). We contribute to the post …

Whether higher lifetime income households do save a larger share of their income is one of the longstanding empirical … both individual survey data on wealth holdings and administrative data on earnings histories from the UK to examine this … question. We find evidence of a positive relationship between saving rates (and wealth accumulation) and levels of permanent …