This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth … inequality deviated substantially. Differences in the composition of household portfolios along the wealth distribution explain …

light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …

In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This … the economy. This shock can simultaneously match the increase in wealth concentration and the decrease of the saving rate …

equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and … marginal tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This …

equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate decreases inequality in both wealth and income but also leads to a contraction of the aggregate economy. This is …

changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 …-Keynesian debate on the nature of demand regimes, mainstream analyses of wealth effects and the financialisation debate. We find that … shares, which is driven by residential investment. For corporate investment alone, we find a negative relation. Wealth …

, importantly, declining saving rates. We find no evidence that shifts in wealth accumulation preferences, observable household …We use recently published long-run microdata (SCF+) to investigate generational wealth dynamics in the U.S. over the … last seven decades. We document that the median wealth of people born in the first half of the 20th century increased from …